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cover of episode Single Best Idea with Tom Keene: Campbell Harvey & Ed Morse

Single Best Idea with Tom Keene: Campbell Harvey & Ed Morse

2025/6/16
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Bloomberg Surveillance
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Campbell Harvey
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Edward Morse
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Campbell Harvey: 传统的经济模型假设存在一个具有代表性的消费者，但这种假设已不再成立。不同阶层的消费者对经济变化的反应截然不同。例如，富裕消费者对通货膨胀并不敏感，他们会继续消费，这在一定程度上降低了商业周期的波动性。因此，在分析经济数据时，应该考虑消费者行为的差异性，而不是简单地将所有消费者视为同质。

Deep Dive

Chapters
This chapter explores the reasons behind the decreased volatility of business cycles, suggesting that the existence of different consumer classes with varying responses to inflation plays a crucial role. The discussion also highlights the debate on whether to aggregate economic data or acknowledge the emergence of two distinct Americas.
  • Decreased volatility of business cycles
  • Different consumer classes and their responses to inflation
  • Debate on data aggregation vs. acknowledging two Americas

Shownotes Transcript

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Campbell Harvey & Ed Morse.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

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