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Free exchange: Race to the bottom.
- Source :
-
Economist . 1/21/2023, Vol. 446 Issue 9330, p65-65. 1p. - Publication Year :
- 2023
-
Abstract
- The article reports on rise in inflation in Europe. It mentions that paper by Veronica Guerrieri of the University of Chicago and colleagues argues that monetary policy should tolerate somewhat higher inflation if doing so allows workers to find a new job during periods of economic change. It also mentions that inflation gets baked into economies when workers and firms come to believe that prices will keep rising.
- Subjects :
- *PRICE inflation
*MONETARY policy
*PRICE increases
*ECONOMIC change
Subjects
Details
- Language :
- English
- ISSN :
- 00130613
- Volume :
- 446
- Issue :
- 9330
- Database :
- Academic Search Index
- Journal :
- Economist
- Publication Type :
- Periodical
- Accession number :
- 161530681