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Economist. Policy Entrepreneur. Geek. Co-recipient of the 2018 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. University Professor at NYU. Focused on urbanization; cooperation
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Paul Romer Paul Romer ☰ home about adtax archive press inquiries search Flying by the Seat Powell's Pants? Wed, Jul 26, 2023 Today, Jay Powell will show us what type of pilot he is. By repeatedly raising interest rates, he has cut power many times. There is no doubt that we are descending; the rate of inflation is unambiguously coming down. But we are still too high. Will he follow a stable plan and make adjustments to the timing? Or fly by the seat of his pants and yank back the throttle one more time? The indications are not good. We'll know within minutes. ~2 minutes Read more Even More Good News about Inflation Tue, Jun 13, 2023 To understand the trend in the inflation rate, it is important to compare the raw (i.e. not seasonally adjusted) month-to-month rates with the rates from one year before. This comparison offers a very different impression from an analysis that looks only at the recent trend in the seasonally adjusted inflation rate. The yea...
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