Sta Hungry Stay Foolish

Stay Hungry. Stay Foolish.

A blog by Leon Oudejans


Inflation: from supply-side to demand-side?

Usually, inflation is driven by the demand-side in economics. An increase in demand and a stable supply will cause (consumer) price increases - a.k.a. inflation. Alternatively, a decreasing supply and a stable demand will also cause inflation. Latter happened after the Russian invasion of Ukraine (2022). In 2023, consumer prices were getting back to "normal". Since...

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Inflatie: van aanbod naar vraag??

Op 22 maart plaatste het Financieele Dagblad dit artikel: “Postbezorgers krijgen loonsverhoging van 19% over de komende twee jaar”. Dit artikel maakt een onderwerp actueel dat al behoorlijk lang op mijn lijst stond: gaan we wel van aanbod-gedreven naar een vraag-gedreven inflatie?? Inflatie wordt bijna altijd veroorzaakt door een (sterk) gestegen vraag bij een...

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AI economics

In 1987, American economist and Nobel laureate Robert Solow expressed the thinking of many: "You can see the computer age everywhere but in the productivity statistics". Now, there's a similar question on artificial intelligence: "is 2024 going to be more like 1987 or more like 1995?" (Axios) Axios Macro: "In the 1990s and early 2000s, a revolution in...

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How Supply-Chain Snarls Made Everyone Wrong on Inflation (WSJ)

Wall Street Journal title: How Supply-Chain Snarls Made Everyone Wrong on Inflation WSJ subtitle: Supply-chain problems might have been much more persistent than economists realized, new research suggests By: Justin Lahart Date: 4 January 2024 "On inflation forecasting, everybody has a bit of egg on their faces. New research suggests that a misunderstanding of what...

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Gratis Geld bestaat (toch) niet (HFD)

Introductie LO: In 2004 had het blad Foreign Policy een speciale uitgave m.b.t. de 10 gevaarlijkste ideeën wereldwijd. De bijdrage van econoom Alice Rivlin (1931-2019) ging over 'Gratis Geld' (o.a. Brookings-2004); zie ook mijn recente blog. Haar geweldige openingszin luidde als volgt: "Fiscal irresponsibility is politically attractive, but it is equivalent to...

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Surging supply brought inflation down (Axios)

Axios Macro title: Surging supply brought inflation down By: Neil Irwin and Courtenay Brown Date: 15 September 2023 "When inflation is a problem, the central bank raises interest rates. That causes some pain and lowers demand, and price pressures recede. That's what they teach in Central Banking 101. But it may not explain what has happened over the last year;...

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