Discover and read the best of Twitter Threads about #stagnation

Most recents (3)

I did not look at this slide for a long time. But now I am concerned. We are about to complete four years of ZERO change in WGS costs, the longest stagnation in the past 20 years.
In fact, in the past 8 years, WGS is moving slower than Moore's law.
The reason? My bet is a lack of competition. I am old enough to remember the fun days at AGBT when every night we had a party by a different sequencing company. Not any more. And we all pay the price.
Read 4 tweets
When #stagnation and #inflation occur at the same time, the determination of #monetarypolicy is usually more difficult.
At this point, the inter-bank market #interestrate tends to be volatile in the short term, and its final trend still depends on the change of aggregate #demand after the #cost shock recedes.
Particularly, empirical research shows that #housing #price, rather than #exchangerate, has restricted the marginal adjustments of #monetary #policies in #China to a certain extent.

By Wu Ge:…
Read 3 tweets
Great talk by @martinwolf_ at the 46th Economics Conference @oenb @suerf_org on escaping the #trap: secular #stagnation, monetary #policy and financial fragility
Before the outbreak of the global financial crisis @martinwolf_ saw himself as an orthodox economist - now suggests to read Minsky, Godley et al.
'Everything depends on everything else' - eternal truth by @martinwolf_
Read 9 tweets

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