So there may in fact be no such thing as a “long and variable lag” in monetary policy. Yet as noted, there is a strong conviction among economists that the lag exists. Which is dangerous.

This post explains how to use variables in Java. Learn the primitive types (and what that means) and just why variables are so important for any coding!

Milton Friedman’s “long and variable lag,” explained A concept popularized by Milton Friedman in the 1960s still influences how the Fed talks about monetary policy today.

Since no central bank does conduct monetary policy by trying to stabilize the monetary base, talking about “long and variable lags” sounds like an effort to evade accountability.