New essay: It was a mistake to switch to sticky price models from sticky wage models
https://basilhalperin.com/essays/sticky-prices-vs-sticky-wages.html TLDR: Intuitively, wage stickiness seems more important than price stickiness The f…
New essay: What kind of ‘growth’ slowdowns should we care about?
https://www.basilhalperin.com/essays/why-percentage-growth.html TLDR: “GDP percentage growth is slowing down” emphatically does not mean that “the rate…
Dec 16, 2020
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