MacroVoices #397 Alex Gurevich: The Real Rates Tsunami
Macro Voices
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The Persistence of Inflation and the Potential for Deflation
This chapter explores the persistence of inflation and the potential for a deflationary shock in the future. It discusses the self-reinforcing nature of inflation and the influence of supply problems and policy. The chapter also highlights the relationship between inflation, real rates, recession, and employment, as well as the impact of geopolitics and energy costs on the outlook.
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