MacroVoices #364 Julian Brigden: On Opportunistic Disinflation
Macro Voices
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What's the Fed's Strategy to Lower Inflation?
Julian Zelizer: There are only two options when you have high inflation. He says one is deliberate disinflation, which Volcker did; the other is "opportunistic disinflation" In that scenario, he says, it's not painless and can take years to wring out of economy. Zelizer: What Greenspan saw in mid-90s was a burst of huge productivity advancements.
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