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Inflation Modelling Is as Useless as Professor Ferguson's Models.
#CPI #inflation #InterestRates #prices #money #credit #debt #economy #BOE #ECB #economics
Today we will look at the so-called inflation models used by Central Bankers in order to set monetary policy and why they have been completely wrong and will, in our opinion, continue to do so.
Our conclusion is that Central Bankers will remain behind the curve as far as reining in inflation is concerned because they continue to underestimate inflation and its consequences.
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