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Inflation Past, Present and Future: Fiscal Shocks, Fed Response, and Fiscal Limits

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NBER2022-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w30096
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Our current inflation stemmed from a fiscal shock. The Fed is slow to react. Why? Will the Fed's slow reaction spur more inflation? I write a simple model that encompasses the Fed's mild projections and its slow reaction, and traditional views that inflation will surge without swift rate rises. The
提供机构:
美国国家经济研究局
创建时间:
2022-05-01
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