Carola Binder on the Importance of Inflation Expectations and How Policymakers Should Respond
Macro Musings with David Beckworth
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Is There Something Magical About Five % Inflation?
Soye: We're not yet 19 seventies, early eighties level of uncertainty. But also, we shouldn't rest too comfortably. To has is job cut out for it to make sure that that uncertainty comes down. Is there something magical about five %? Do you think? From the literature, a little of it.
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