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Heather Long, Ryan Avent, and Cardiff Garcia on Pandemic Reflections and Economic Predictions for the Future
Macro Musings with David Beckworth
What's the Threshold Effect?
The BIS had an annual economic report and they found usually when inflation got 5% or more, the diffusion of the price increases went everywhere. Google searches for inflation take off near 45%. So all these indicators suggest there's the threshold effect where we discovered it. If you want to be successful, you can't have a program that's going to run inflation about 5% for some sustained period of time.
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