KITT is providing our inflation forecasts. That's so awesome. I'm now imagining that the cluster of computers they have running the numbers has a front end with whooshing red lights showing that it's working, and the forecast being read by KITT in William Daniels's voice:
"Alan, reducing the interest rate further risks inflation outcomes well beyond my specified bounds."
"Dammit KITT we're in a recession here! Gimmie all you got!" (and hits the Turbo Liquidity Boost button).
The happiest moment for an 8 year old Eric was when the World of Wheels car show came to Winnipeg and I got to sit in KITT. If it turns out that KITT is a macroeconomist, I might have minor regrets about having gone down the micro route. Oh well. Massive kudos to RBNZ for choosing such an awesome acronym.
