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Martin Sandbu @MESandbu · Dec 5, 2022
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Very interesting thread. But why is this the normative conclusion, rather than "Governments should learn to let relative price shocks in systemic sectors disperse through the economy and not try to offset them (while staying vigilant against traditional generalised inflation)"?

Tweet Dec 3, 2022
Inflation might be easing for now, but we are living in an age of overlapping emergencies. More shocks are likely to come. We need economic policy preparedness for micro stabilization. But which prices matter? A new working paper 🧵 scholarworks.umas
by Isabella M. Weber
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