Gianluca Benigno on the Basics and Policy Functionality of R** and the Dollar’s Imperial Circle
Macro Musings with David Beckworth
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The Slow Moving Secular Forces That Are Shaping the Current Environment
I think those slow moving secular forces are going to return us to a world of low rates and probably low inflation as well eventually. But there are also other forces that are shaping the current environment. And a few years from now, we'll be discussing this very issue again more in depth. Okay. Let's go back to the thing I was talking about earlier, Global Supply Chain Index. That was really neat. You published that and you showed early on that this index did a good job of explaining, for example, producer price index inflation or the CPI goods inflation. So tell us about that measure and how did it come about? Well, it came about because we were preparing, I mean
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