
S6 Ep14: How should we measure expected inflation?
VoxTalks Economics
The Importance of Expectations
In the canonical model, there we use a firm pricing actually for decisions of the ones that matter the least. And it's the essential workers and the bankers that matter the most. With the big players are also the closer to being rational. It also means that measure expectations is the least necessary because I can measure actual outcomes as opposed to that.
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