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25-08-2017, 06:03 PM
(This post was last modified: 25-08-2017, 06:03 PM by specuvestor.)
Coincidentally...
"A fundamental relationship of mainstream economic theory at the heart of the Federal Reserve’s strategy for setting interest rates has been a poor guide for policy makers for at least three decades, according to a study by the Philadelphia Fed’s top-ranking economist.
The paper, co-authored by Philadelphia Fed Director of Research Michael Dotsey, shows that forecasting models based on the so-called Phillips curve, which asserts a link between unemployment and inflation, don’t actually help predict inflation."
https://www.bloomberg.com/news/articles/...tudy-finds
"A fundamental relationship of mainstream economic theory at the heart of the Federal Reserve’s strategy for setting interest rates has been a poor guide for policy makers for at least three decades, according to a study by the Philadelphia Fed’s top-ranking economist.
The paper, co-authored by Philadelphia Fed Director of Research Michael Dotsey, shows that forecasting models based on the so-called Phillips curve, which asserts a link between unemployment and inflation, don’t actually help predict inflation."
https://www.bloomberg.com/news/articles/...tudy-finds
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Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)