I hope you focus on inflation, why a target level is needed to maintain full employment outcomes, why it is difficult for mortal central bankers to get this level and proper deviations from it right, and the political consequences of getting it wrong in both directions. Reprise the Ezra Klein interview. :)
I hope you focus on inflation, why a target level is needed to maintain full employment outcomes, why it is difficult for mortal central bankers to get this level and proper deviations from it right, and the political consequences of getting it wrong in both directions. Reprise the Ezra Klein interview. :)