Conversation

This article belongs in every principles of macroeconomics class.

Central banks across Europe are getting confuzzled trying to determine how to calculate inflation when there are #TaylorSwift concerts. Should the increase in hotel prices and such from the ERAs tour and across the service industry be treated differently because it is a temporary shock? How should that impact monetary policy?

Same question for things like the Olympics and Euro 2024.

https://www.axios.com/2024/07/19/taylor-swift-eras-tour-europe-economy-inflation

#economics