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← Judging by output kept near potential despite weak private demand,…
17 connected korrents · 13 moments from 1 Jun 2022 to 15 Oct 2026. Nearly all of them are about interest rates and inflation .
Everything filed under public debt
public debt
Everything filed under Japan
Japan
Everything filed under quantitative easing
quantitative easing
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energy In tension Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Judging by output kept near potential despite weak private demand, Japan's decades of high debt and low inflation reflect a qualified policy success, not failure. Judging by output kept near potential despite weak private demand, Japan's decades of high debt and low inflation reflect a qualified policy success, not failure. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
In tension: America borrowed cheaply from the world and spent it on consumption rather than investment, exactly as Greece did. — tap to centre the map on it America borrowed cheaply from the world and spent it on consumption rather than investment, exactly as Greece did. Last stated 2 years ago
14 Apr 2025
JC
John H. Cochrane — holds since 2025-04-14 — tap for who they are
Same subject: Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. — tap to centre the map on it Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Central banks should hold inflation-protected bonds as primary assets — tap to centre the map on it Central banks should hold inflation-protected bonds as primary assets Last stated 2 weeks ago
1 Oct 2026
JC
John H. Cochrane — holds since 2026-10-01 — tap for who they are
Same subject: Holding real assets should help central banks control inflation. — tap to centre the map on it Holding real assets should help central banks control inflation. Last stated 2 weeks ago
1 Oct 2026
JC
John H. Cochrane — holds since 2026-10-01 — tap for who they are
Same subject: Inflation could stay elevated for a while even as the Fed keeps raising rates, because of war-driven costs and AI capital spending. — tap to centre the map on it Inflation could stay elevated for a while even as the Fed keeps raising rates, because of war-driven costs and AI capital spending. Last stated 3 weeks ago
27 Sept 2026
BC
Ben Carlson — holds since 2026-09-27 — tap for who they are
Same subject: Raising interest rates cannot meaningfully cool inflation when structural fiscal deficits, not private-sector lending, are its main driver. — tap to centre the map on it Raising interest rates cannot meaningfully cool inflation when structural fiscal deficits, not private-sector lending, are its main driver. Last stated 2 years ago
8 Jan 2025
LA
Lyn Alden — holds since 2025-01-08 — tap for who they are
Same subject: Rising diesel prices are even more likely than rising gasoline prices to drive up interest rates. — tap to centre the map on it Rising diesel prices are even more likely than rising gasoline prices to drive up interest rates. Last stated 4 weeks ago
21 Sept 2026
PK
Paul Krugman — holds since 2026-09-21 — tap for who they are
Same subject: The Fed's odds of threading the needle and getting inflation back down to target while avoiding a recession get much lower — tap to centre the map on it The Fed's odds of threading the needle and getting inflation back down to target while avoiding a recession get much lower Last stated 3 days ago
15 Oct 2026
BD
Brad DeLong — holds since 2026-10-15 — tap for who they are
Same subject: The Federal Reserve will keep raising interest rates as long as inflation stays above target and economic growth remains strong. — tap to centre the map on it The Federal Reserve will keep raising interest rates as long as inflation stays above target and economic growth remains strong. Last stated 3 weeks ago
27 Sept 2026
BC
Ben Carlson — holds since 2026-09-27 — tap for who they are
Same subject: A country is primarily for its native people — tap to centre the map on it A country is primarily for its native people Last stated a year ago
15 Sept 2025
DH
David Heinemeier Hansson — holds since 2025-09-15 — tap for who they are
Same subject: American shipyards are unproductive rather than expensive: their workers are paid about what Korean and Japanese shipyard workers are paid. — tap to centre the map on it American shipyards are unproductive rather than expensive: their workers are paid about what Korean and Japanese shipyard workers are paid. Last stated 3 years ago
3 Jan 2024
AV
Austin Vernon — holds since 2024-01-03 — tap for who they are
Same subject: Chinese pop culture will not experience an absolute flowering like 90s Japan because CCP censorship makes it boring — tap to centre the map on it Chinese pop culture will not experience an absolute flowering like 90s Japan because CCP censorship makes it boring Last stated 2 weeks ago
5 Oct 2026
NS
Noah Smith — holds since 2026-10-05 — tap for who they are
Same subject: During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. — tap to centre the map on it During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Germany's constitutional debt brake will not be reformed. — tap to centre the map on it Germany's constitutional debt brake will not be reformed. Last stated 2 years ago
4 Mar 2025
FM
Friedrich Merz — holds since 2025-02-25 — tap for who they are
FM
Friedrich Merz — no longer holds since 2025-03-04 — tap for who they are
Same subject: Public investment cannot be assumed to be automatically financeable by debt merely because it has high social returns. — tap to centre the map on it Public investment cannot be assumed to be automatically financeable by debt merely because it has high social returns. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals. — tap to centre the map on it Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals. Last stated 2 years ago
24 Sept 2024
LA
Lyn Alden — holds since 2024-09-24 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
At the centre
Judging by output kept near potential despite weak private demand, Japan's decades of high debt and low inflation reflect a qualified policy success, not failure.
Holds Read this korrent →
America borrowed cheaply from the world and spent it on consumption rather than investment, exactly as Greece did.
Holds
Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total.
Holds
Central banks should hold inflation-protected bonds as primary assets
Holds
Holding real assets should help central banks control inflation.
Holds
Inflation could stay elevated for a while even as the Fed keeps raising rates, because of war-driven costs and AI capital spending.
Holds
Raising interest rates cannot meaningfully cool inflation when structural fiscal deficits, not private-sector lending, are its main driver.
Holds
Rising diesel prices are even more likely than rising gasoline prices to drive up interest rates.
Holds
The Fed's odds of threading the needle and getting inflation back down to target while avoiding a recession get much lower
Holds
The Federal Reserve will keep raising interest rates as long as inflation stays above target and economic growth remains strong.
Holds
A country is primarily for its native people
Holds
American shipyards are unproductive rather than expensive: their workers are paid about what Korean and Japanese shipyard workers are paid.
Holds
Chinese pop culture will not experience an absolute flowering like 90s Japan because CCP censorship makes it boring
Holds
During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity.
Holds
Germany's constitutional debt brake will not be reformed.
No longer holds
Public investment cannot be assumed to be automatically financeable by debt merely because it has high social returns.
Holds
Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals.
Holds
A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate.
Holds