Oskar Schulz
@Oskarlso
A big puzzle in economics right now: Why is consumer sentiment so low? We found that rates are even more important than we think. See our paper for more:
NBER@nberpubs · Feb 26, 2024Unemployment is low and inflation is falling, but consumer sentiment has remained low. The unprecedented increase in borrowing costs is the main explanation, from @MA_Bolhuis, @juddcramer, Karl Oskar Schulz, and @LHSummers nber.org/papers/w32163
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