Birdwatch Note Rating
2023-06-27 22:26:39 UTC - SOMEWHAT_HELPFUL
Rated by Participant: FE3D28CB646155716EDEFC6182284E8022530549EFFA264273D8AAFAE02B0F6B
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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