I feel like this comment in particular is very clarifying with regards to the motivation of this stance. The benefit is that this imports recommendations of the ideal long-run policy into the short-run frame from which you’re actually acting.
I think that should maybe be in the post somewhere.
I feel like this comment in particular is very clarifying with regards to the motivation of this stance. The benefit is that this imports recommendations of the ideal long-run policy into the short-run frame from which you’re actually acting.
I think that should maybe be in the post somewhere.