David Beckworth on the Safe Asset Theory of Inflation, Comparing Central Bank Frameworks, and a Year of Macro Musings in Review
Macro Musings with David Beckworth
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The Fed's Average Inflation Targeting Framework
I was just wondering if anything stood out. I know that every one of your guests and broadcasts are interestedg in their own rite. Now, can you tell us just briefly how the two frameworks ares and how they differ? And also how you think the feds average inflation targeting framework performed over this last year,. Whether your own preferred proposal, a nominal g p targeting framework, would have resulted in anything materially different?"
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