It seems like it would be more useful to consider long-run and indirect impact separately.
So the discussion of the ‘flow through’ terminology is not a pointless semantic debate. It goes to the heart of the confusion because it glosses over the differences between these.
It seems like it would be more useful to consider long-run and indirect impact separately.
So the discussion of the ‘flow through’ terminology is not a pointless semantic debate. It goes to the heart of the confusion because it glosses over the differences between these.