@gprimice : This is certainly possible. But, again, it simply means that Central Banks might have provided historically unusual accommodation of inflationary pressures, given that the economy was weak. This translates into an unusually strong rebound of aggregate demand

Giorgio Primiceri

@gprimice

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Economist at @NorthwesternU

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linkhttps://faculty.wcas.northwestern.edu/~gep575/ calendar_today17-03-2015 23:27:01

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Giorgio Primiceri

@gprimice

6 months ago

This is certainly possible. But, again, it simply means that Central Banks might have provided historically unusual accommodation of inflationary pressures, given that the economy was weak. This translates into an unusually strong rebound of aggregate demand—as per our conclusion

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