Are we in for a hard landing? With Olivier Blanchard
The Economics Show
Analyzing Inflation Dynamics and Economic Theories
This chapter delves into the recent episode of inflation and its impact on economics, discussing factors such as supply chain disruptions, COVID impacts, and US fiscal policy. The ongoing debate between team permanent and team transitory in explaining inflation dynamics is highlighted, along with the role of the labor market, productivity growth, and monetary policy in addressing high wage growth and reaching the desired inflation target. The chapter also explores the potential implications of a Trump presidency on the Fed's independence and credibility.
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