NEW FACTORS IN THE INFLATION EQUATION
Kasman, Bruce
NEW FACTORS IN THE INFLATION EQUATION
One of the significant accomplishments of the last two decades has been the eradication of high and volatile inflation from the macroeconomic landscape. This achievement is neither universal nor painless, having been won at the cost of two global recessions. Yet today, central bankers remain vigilant to ensure that inflation stays low. And crucially markets believe that by and large they can manage that feat. The upshot of all this is that the link between economic growth and price pressures, so prevalent during the 1970s and 1980s, is fading.
INFLACION BANCOS CENTRALES POLITICA MONETARIA COMENTARIOS EDITORIALES PAISES DESARROLLADOS
INFLACION
11
3ext142
XZ
NEW FACTORS IN THE INFLATION EQUATION
One of the significant accomplishments of the last two decades has been the eradication of high and volatile inflation from the macroeconomic landscape. This achievement is neither universal nor painless, having been won at the cost of two global recessions. Yet today, central bankers remain vigilant to ensure that inflation stays low. And crucially markets believe that by and large they can manage that feat. The upshot of all this is that the link between economic growth and price pressures, so prevalent during the 1970s and 1980s, is fading.
INFLACION BANCOS CENTRALES POLITICA MONETARIA COMENTARIOS EDITORIALES PAISES DESARROLLADOS
INFLACION
11
3ext142
XZ