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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On August 27, 2020, the FOMC released a revised Statement on Longer-Run Goals and Monetary Policy Strategy . This document laid out the go...
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Bennett T. McCallum died December 28, 2022. Ben was a major contributor to macro and monetary economics, with important publications spannin... -
Few economists over the past 50 years had as great an impact on macroeconomics as Bob Lucas, who died Monday May 15, 2023 at the age of 85...
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