That is, the first step toward NGDP targeting. Marcus Nunes has a new post that quotes a Jon Hilsenrath story in the WSJ:
JACKSON HOLE, Wyo.—Central bankers aren’t sure they understand how inflation works anymore.
That is, the first step toward NGDP targeting. Marcus Nunes has a new post that quotes a Jon Hilsenrath story in the WSJ:
JACKSON HOLE, Wyo.—Central bankers aren’t sure they understand how inflation works anymore.