I should clarify - I’m referring to ‘distortion’ in the largest possible macroeconomic picture. When government uses certain data (or rates, or whatever), and bases calculations on that, the results of which affect other assumptions or calculations, well, it just snowballs. You end up with predictions that don’t materialize as planned, b…
I should clarify - I’m referring to ‘distortion’ in the largest possible macroeconomic picture. When government uses certain data (or rates, or whatever), and bases calculations on that, the results of which affect other assumptions or calculations, well, it just snowballs. You end up with predictions that don’t materialize as planned, because the beginning metric of the chain of calculations was the wrong version to use.
I should clarify - I’m referring to ‘distortion’ in the largest possible macroeconomic picture. When government uses certain data (or rates, or whatever), and bases calculations on that, the results of which affect other assumptions or calculations, well, it just snowballs. You end up with predictions that don’t materialize as planned, because the beginning metric of the chain of calculations was the wrong version to use.