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  • When “looking through” looks away: inflation’s surprise, welfare loss, and what schools needed from monetary policy

Forecast errors turned a supply shock into larger welfare losses; “look-through” amplified them
Make look-through state-contingent with public shock decompositions and automatic triggers
Shield schoo…

Discourse Link
https://summit.siai.org/t/when-looking-through-looks-away-inflation-s-surprise-welfare-loss-and-what-schools-needed-from-monetary-policy/445
Discourse Post Count
1