Why Does High Inflation Raise Inflation Uncertainty?
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This paper presents a model of monetary policy in which a rise in inflation raises uncertainty about future inflation. When inflation is low, there is a consensus that the monetary authority will try to keep it low. When inflation is high, policymakers face a dilemma: they would like to disinflate,
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美国国家经济研究局创建时间：
1990-01-01
