Birdwatch Note Rating
2023-06-27 22:09:32 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 302C55DB7BB050EB01139714628B0470659DCCC6492CDBDC3AEE2A676A5D645B
Participant Details
Original Note:
In line with Lucas and Sargent's 70s 'rational expectations' concept, firms tweak prices as per inflation forecasts. Aggressive monetary policy, ongoing for over a decade, primarily fuels these high inflation expectations. https://chat.openai.com/share/d83753b5-acad-4b08-a0f1-0a10a9a3c659 https://en.wikipedia.org/wiki/Rational_expectations#:~:text=The%20rational%20expectations,but%20not%20employment.
All Note Details