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12min chapter
Scott Sumner on the Princeton School of Macroeconomics and Overcoming Inflationary Fears
Macro Musings with David Beckworth
Navigating Central Bank Actions and Inflation Targets
The chapter explores central banks' struggles with credibility in managing inflation through various strategies such as aggressive monetary policies and credible commitments. It discusses past actions taken by central banks, challenges in hitting inflation targets, and potential improvements in monetary policy approaches.
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