In a speech at the Monetary Economics Workshop of the National Bureau of Economic Research, Fed Chairman

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In a speech at the Monetary Economics Workshop of the National Bureau of Economic Research, Fed Chairman Ben Bernanke said: “With inflation expectations well anchored, a one-time increase in energy prices should not lead to a permanent increase in inflation but only to a change in relative prices.”What does it mean to say that inflation expectations are well anchored?
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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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