Thursday, July 30, 2015

Model prediction holding up for Japan as well

Noah Smith re-tweeted a tweet about Japan's price level, but in updating the results from here I still say it's the Keynesian component (not the monetary component):


  1. I let Vincent Cate know. You two still have a bet going, right?

    1. Yes. However, it is a 10 year bet started in March of this year, so a little early to say who will win. I still think I am right. :-)

    2. If Jason's theory is ever contradicted by Japan's measured inflation rate, I might want to up my bet on the Yen going down, so please let me know right away!


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