Tuesday, June 2, 2015

Celebrating 500 posts with a predictive success

At 500 posts, I think I've accumulated enough stuff to cobble together a thesis.

Anyway, to celebrate I'll bring up an old prediction from a year ago: Canada would undershoot its inflation target by an increasing amount over time. And Canada has obliged:


This was an interesting prediction because Canada hadn't been undershooting in the past and the information transfer model predicted it would start undershooting -- and that it should become obvious by the end of 2015.

Apropos of 500, here's a post from the archives about 500 € notes.

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Also, try to avoid the use of dollar signs as they interfere with my setup of mathjax. I left it set up that way because I think this is funny for an economics blog. You can use € or £ instead.