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A “simple solution” to the Fed´s new AIT framework | Historinhas
https://thefaintofheart.wordpress.com/2020/08/29/a-simple-solution-to-the-feds-new-ait-framework/
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inflation
monetary policy
average inflation target
ngdp growth
ngdp-lt
The first thing to note is that inflation is not a price phenomenon (don´t reason from a price change is relevant here), but a monetary phenomenon. For example, changes in relative prices (due to a…
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