Birdwatch Note Rating
2023-06-27 12:48:25 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 9F9F9DFC21143048289617BA77AF36CF97E236FFB80B54EF5B6CD2ACDD4D2EF3
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