3 votes

What is the inflation rate these days?

Posted by skybrian
Tags: economics.macro, usa, coronaviruses.covid19, inflation, author.tyler cowen, source.marginalrevolution, short read
https://marginalrevolution.com/marginalrevolution/2020/03/what-is-the-inflation-rate-these-days.html

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Published
Mar 14 2020
Word count
314 words

1 comment

  1. skybrian
    Link
    From the blog post:

    From the blog post:

    Is it still meaningful to just take the old price basket averages? Somehow I don’t think so.

    If there is no well-defined rate of price inflation (finally Scott Sumner wins on that one), can there be a well-defined real interest rate? Is it very high or very low? Or just “a high variance real interest rate”? Or is the nominal interest rate the new real interest rate?