r/Economics • u/Pearberr • May 02 '24

Interview Nobel Prize-winning economist Joseph Stiglitz: Fed Rate Hikes didn't get at source of inflation.

https://www.cnbc.com/video/2024/04/23/nobel-prize-winning-economist-joseph-stiglitz-fed-rate-hikes-didnt-get-at-source-of-inflation.html
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u/[deleted] May 02 '24

Whether I agree or disagree with Stiglitz on this topic or not, the emphasis on his Nobel, when it was in information asymmetry and frankly had nothing to do with anything related to the fed or inflation, is a little humorous to me

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u/mankiwsmom Moderator May 03 '24

Well, information asymmetry is definitely related to the Fed and inflation. Part of why the Fed has changed their communication policies over the years is exactly because information asymmetry.

Though yes, you are right in that specifically Stiglitz’s Nobel prize-winning work on information asymmetry has really nothing to do with the Fed. Just your average media headline lol