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32min chapter
Skanda Amarnath and Preston Mui on the Tribal Transitory Debate and the Future of the Fed’s Framework
Macro Musings with David Beckworth
Inflation and Recession Trade-Offs
The chapter discusses the complexities and trade-offs associated with inflation and recession, highlighting the messy welfare costs of inflation compared to the more tangible costs of recession. The conversation also explores the shift in policymakers' perception regarding inflation and its implications, particularly in relation to labor market improvement and the need to raise unemployment.
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highlights
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