The current banking crisis forces the Fed to trade off inflation with financial stability. This task is difficult because standard macro models do not capture well the costs of inflation.
Why Do People Dislike Inflation? Using Shiller's Findings to Revamp Inflation Models
Why Do People Dislike Inflation? Using…
The current banking crisis forces the Fed to trade off inflation with financial stability. This task is difficult because standard macro models do not capture well the costs of inflation.