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Bloomberg Businessweek Weekend - March 17th, 2023
Bloomberg Businessweek
What Does J-Pal Care About That Lag?
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The full effect of interest rate increases has not really been transmitted into the economy. Even if they stopped now, you can expect the economy will continue to slow because of that. The credit-suite situation is greatly complicating it. It's suffering from now this leaking away of confidence in financial markets. I don't think it's clear yet that these really will be the breakpoint. But we're at a very perilous moment. That's for sure.
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