观点货币政策

Beware the cold monetary shower
警惕货币政策收紧的滞后效应

There’s freezing water coming through the pipes
库雷拉:由于货币政策效果滞后,美联储必然会过度收紧政策。希望它不会为了避免步1970年代的后尘,而让美国重蹈1930年代的覆辙。

Vishnu Kurella is founding portfolio manager of Volar Capital. The views expressed in this article are those of the author and do not reflect those of any affiliated organisation.Economist Milton Friedman is famous for many insights. None feels as relevant today as the “long and variable lags” he said characterised the delay between the implementation of monetary policy and its eventual impact.

本文作者维什努•库雷拉(Vishnu Kurella)是Volar Capital的创始投资组合经理。本文仅代表作者个人观点,不代表任何关联组织的观点。

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