Monetary policy works with short and not too variable leads

Monetary policy works with short and not too variable leads
US Stock markets plumments today. Here is why: Friedman used to say monetary policy works with long and variable lags, Scott Sumner is telling us that is works with long and variable leads. Today's market action is telling us that monetary policy works with short and not too variable leads.


WORLD LEADING ADVISORY SPECIALISING IN THIS TOPIC

GET NEWSLETTER

Sign up now to receive the latest blog posts and news about our research.