A korrentour reading
There is no tight relation between growth rates and interest rates, either theoretically or empirically.
Drawn from what Olivier Blanchard said
In the currentinterest rates
What is a korrent?
A korrent — “current”, with a K — is our reading of what someone said: one sentence, drawn from their own words below. People put the same thought in different words; a korrent tries to name the thought they share, so that what several people mean can be set side by side, and followed as it changes.
It is an approximation, and it is ours. The quotes are theirs, word for word, and where the two differ, the quote is the fact. Read more →