Macroeconomics 4: Inflation & Drinking Buddies
Planet Money Summer School
The Economics of Inflation
Change is something that we don't really know how to do as an economist insance. Weu have this consul of rational expectation that people should behave like we think the model behaves. That's not really what happens in the world, you need to e make something credible. And ironically, these four economists were very good empirical psychologists at the same time as they were doing the right thing economically. So i'd love to kind of, like, do a little bit of a slow walk through what and here.
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