Economics tweet:
If raising interest rates reduces business investment, it presumably takes us *longer* to overcome supply-side issues in the economy. @zacgross what are your thoughts on the theory and (probably impossible) practical challenge of distinguishing consumption from investment when lending? #ausecon
@jasemurphy my main thought is you should have asked me on twitter!
@jasemurphy more seriously is a channel, just not big enough to reverse the effect on aggregate demand.