Macroeconomic Shocks Disrupt Inflation and Growth, Impacting Economies Worldwide
The article compares the effects of short-term and long-term economic shocks on inflation and economic growth. It looks at how shocks in product and money markets can create uncertainty in these key economic factors. The researchers used models to analyze the impact of different types of shocks on inflation and GDP in various countries. They found that shocks from product markets have a bigger impact than those from money markets.