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Mo T's avatar

nice piece! How would you say the inflation spike has affected japans economy, an infamously stationary economy? Is the hope for interest rate normalisation transitory or persistent. Have we found the cure to sleepy economies or is this a transitory phase about to fizzle out

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amni rusli's avatar

Thank you! I have written about Japan in this post, if you’re interested: https://open.substack.com/pub/eightateeight/p/negative-interest-rate-policy-and?r=1frwrv&utm_medium=ios

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David Andolfatto's avatar

I think of “transitory” as “mean-reverting.” Not sure if this helps though. 🙂

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amni rusli's avatar

It does! Let’s get the word out :)

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Deidre Woollard's avatar

I feel like transitory is Powell’s word for we don't need to worry about it until we really need to worry about it.

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amni rusli's avatar

Fingers crossed🤞 😊

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