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4 years ago

Inflation Targeting Redefines Unemployment-Inflation Trade-Off Dynamics

SSRN Electronic Journal
Inflation Targeting and the Unemployment-Inflation Trade-Off
Eric V. Clifton, Gene Leon, Chorng-Huey Wong

Paper Summary

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The article explores how setting specific inflation targets can affect the trade-off between unemployment and inflation. The researchers analyzed data to understand how different inflation targets impact these economic factors. They found that having a clear inflation target can help reduce the trade-off between unemployment and inflation, leading to more stable economic conditions.