Ellen Meade on Transparency, Independence, and Lessons for the Fed’s Next Framework Review
Macro Musings with David Beckworth
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Is There a Critique of Inflation Targeting?
Inflation targeting was a change in how the economics policy space and academic profession started to view the role of independent policy. It did reform attitudes in countries that maybe hadn't had such a reputation for low inflation, or population that preferred low inflation like germany has. But now with high inflation, you know, the number one pulling issue is high inflation, and everyone really cares about it now. And lon hold, the fed is back on mission to get inflation down.
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