Joe Gagnon on Inflation Progress and the Path Ahead: Breaking Down Jerome Powell’s Jackson Hole Speech
Macro Musings with David Beckworth
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Nominal GDP Targeting and Make-Up Policy in Achieving Quick Return to Trend Path
A discussion on the concept of nominal GDP targeting and the importance of make-up policy in achieving a quick return to the trend path. The chapter explores different approaches taken by central banks, the concern about abandoning make-up policy during high inflation, and the relevance of fate policy.
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