Mark Blyth on the Winners and Losers from Inflation
Macro Musings with David Beckworth
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Unpacking Inflation: Impacts and Perspectives
This chapter delves into the complexities of inflation, emphasizing its varied effects across different income groups and the discrepancies in inflation measurement. The conversation critiques traditional monetary theories, exploring how central banks adapt their approaches to inflation, especially in the wake of the pandemic. Highlighting the differences between good, bad, and ugly inflation, the chapter suggests that inflation is not universally detrimental and identifies certain beneficiaries amidst inflationary conditions.
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