"So, if we believe the narrative, then the inflation rate actually came down on its own. Whatever made it go up - and there’s certainly no consensus about that, other than that it’s pandemic-related - those factors worked in reverse to make inflation come down. "
This makes the rise and then fall in inflation understandable!
Seems like the answer was yes
"So, if we believe the narrative, then the inflation rate actually came down on its own. Whatever made it go up - and there’s certainly no consensus about that, other than that it’s pandemic-related - those factors worked in reverse to make inflation come down. "
This makes the rise and then fall in inflation understandable!
https://marcusnunes.substack.com/p/a-monetary-policy-whodonit