Economics, Econometrics and Finance
3 years ago

Soaring Prices Threaten Economic Stability as Fed Shifts Focus to Inflation

1 view
Journal of Corporate Accounting & Finance
The 2021 fed pivot and the macro consequences of non‐transitory inflation
Damir Tokic

Paper Summary

The Federal Reserve had to choose between controlling inflation and promoting full employment in 2021. They decided to focus on controlling inflation due to rising prices that are likely to stay high. This shift in policy could have significant effects on the economy.

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