Editor's Insight: Economists deflate central banks' inflation-fighting abilities
New research on monetary policy finds traditional explanations for inflation don't actually work.
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New research has thrown doubt on the ability of central banks to control inflation.
The research is in a paper, Deflating Inflation Expectations, by five highly regarded economists and presented at the Monetary Policy Forum in New York last week.
It has attracted a lot of interest (see RAW
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Editor's Insight: Economists deflate central banks' inflation-fighting abilities
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