4 ms·
This is true. There's another even more interesting question related to the effects lockdowns etc had on the economy I think. How do you even measure inflation
by tomatocracy 6y ago
This is true. There's another even more interesting question related to the effects lockdowns etc had on the economy I think. How do you even measure inflation with your old basket when some of it becomes unavailable anywhere (some services) and for other parts half of the venues where they were sold (non essential retail outlets) are now shut?
My conclusion is that statistics about what happened to the economy during 2020 (ie the month to month path) are likely to be very unreliable. This might have implications for policymaking in future which I don't think have really been explored anywhere.