Birdwatch Note Rating
2023-06-27 13:25:47 UTC - NOT_HELPFUL
Rated by Participant: E87A225B26BD1E159982E4489196CDD6B36BB27649CC2BB9AEF17A3968F2234D
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.
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