Patrick Horan and David Beckworth on *The Fate of FAIT* and the Future of the Fed’s Monetary Framework
Macro Musings with David Beckworth
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Is Temporary Price Level Targeting the Same as Flexible Average Inflation Targeting?
I get the impression from listening to lots of people at the Fed speak that they're likely to undershoot when they are at the ELB. I think their intentions would be much more in the spirit of temporary price level target. A counter argument would be flexible average inflation targeting has a very loose definition of the word average, though.
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