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A Major Shock Makes Prices More Flexible and May Result in a Burst of Inflation or Deflation

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NBER2023-03-01 更新2025-01-04 收录
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The US and other advanced countries suffered bursts of severe inflation in 2021 and the first half of 2022, followed by declines of inflation later in 2022, in some countries. In times of high volatility of price determinantscost and productivityinflation can jump upward and fall downward at high

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2023-03-01
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