Another Spring Head-Fake? No Rebound In The Actual Data

When you encounter rational expectations theory you cannot help but see its totalitarian potential. The most basic premise is that policy expectations influence the behavior of agents, and thus changes in policy expectations influence changes in current behavior. If the Fed makes you think it will take an “inflationary” stance, then theory proponents expect that [...]
To access this post, you must purchase Monthly Subscription, Quarterly Subscription or Annual Subscription.