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
00:00
What Causes Inflation?
Ate you rateesye: Why was inflation below the feds target? In fact, i look at two thousand ten to two thousand 19, but on average, t pc inflation was maybe 50 basis points or so below the feds two % target. The missing piece of the puzzle was the safe asset shortage story, he says. Ate you Rateesye: To me, that story made the most sense.
Transcript
Play full episode
