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Shift from Monetary Policy to Fiscal Stimulus in 2020s
The chapter delves into the shift from monetary policy-driven 2010s to fiscal stimulus-heavy 2020s, highlighting the significance of CARES Acts and industrial policy measures. It discusses the importance of cohesive fiscal policies for economic growth, the impact of fixed income yield on investment returns, the possibility of stagflation in the US, and the influence of fiscal stimulus and central bank policies on inflation and economic growth.