Treasury & Capital Markets / Viewpoint
Why did almost nobody see inflation coming?
Forecasting inflation is a staple of macroeconomic modelling, yet virtually all economists’ predictions for the United States in 2021 were way off the mark. This dismal performance reflected a collective failure to take economic models seriously enough, as well as other analytical shortcomings
Jason Furman 19 Jan 2022
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Mervyn Tang
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Nneka Chike-Obi
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Sustainable Fitch
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