The Wedge of the Century: Understanding a Divergence between CPI and PPI Inflation Measures
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Two strands of the literature suggest that PPI inflation, rather than CPI inflation, should be the targeting variable in a monetary policy rule. The distinction between these two rules would only be important if the two inflation indices do not co-move strongly. The first contribution of this paper
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美国国家经济研究局创建时间：
2018-02-01
