Symposium introduction: Reviewing the Federal Reserve's framework

被引:0
作者
Cutsinger, Bryan P. [1 ]
Luther, William J. [1 ]
机构
[1] Florida Atlantic Univ, Dept Econ, Boca Raton, FL 33431 USA
关键词
Federal Reserve; fiscal theory of the price level; flexible average inflation targeting; greedflation; inflation; monetary policy; nominal spending targeting; INFLATION; POLICY;
D O I
10.1002/soej.12761
中图分类号
F [经济];
学科分类号
02 ;
摘要
The Federal Reserve introduced a new monetary policy framework in August 2020. Shortly after, inflation picked up, reaching a 40-year high of 7.0% in June 2022. We explain why prices have risen so high over the last few years, why they remain elevated, and how the Fed's monetary policy framework might be revised in light of this experience.
引用
收藏
页码:1213 / 1228
页数:16
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