作者:向静姝、宋雪涛美联储的挑战和其他央行一样,都是如何控制一个无法控制的东西——通胀。今天大多数的美国通胀都是由供给原因所产生的,这些原因包括但不限于:能源和食品供应短缺,战争和地缘政治导致的供应中断,贸易规则冲突导致的全球供应链重构,以及长新冠(long-covid)和老龄化导致的劳动力缺口等。而这些因素对于利率并不敏感。今年6月,旧金山联储的研究《How Much Do Supply and...
Source Link雪涛宏观笔记2022-09-24
作者:向静姝、宋雪涛美联储的挑战和其他央行一样,都是如何控制一个无法控制的东西——通胀。今天大多数的美国通胀都是由供给原因所产生的,这些原因包括但不限于:能源和食品供应短缺,战争和地缘政治导致的供应中断,贸易规则冲突导致的全球供应链重构,以及长新冠(long-covid)和老龄化导致的劳动力缺口等。而这些因素对于利率并不敏感。今年6月,旧金山联储的研究《How Much Do Supply and...
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