Isn't it annoying when the price level and the rate of inflation are confused? Or when bringing down the inflation rate is confused with reducing the price level? See my recent (Feb. 20, 2023) letter in the FT: https://www.ft.com/content/e7fff27b-0c10-47a7-b9a0-d6470b80c68c. (Subscription may be needed.)
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Mai Hakamada (IMF) and I have a new SUERF Policy Brief on Inflation Shocks and Policy Delay: What are the Consequences of Falling Behind t...
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On Aug. 22, 2025, the Fed released its new Statement on Longer-Run Goals and Monetary Strategy . The first such statement was issued in 201...
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This week’s FOMC statement and Chair Powell’s press conference rightly stressed the progress that has been made in controlling inflation, ...
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