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  • The Costs Of The Great Inflation: More Frequent And Deeper Recessions(1)

The Costs Of The Great Inflation: More Frequent And Deeper Recessions(1)

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Federal Reserve officials have long believed that controlling inflation is a necessary condition for achieving its dual mandate. Implicit in this belief is the view that high inflation—particularly if it's unexpected—imposes a broad array of economic costs on the economy.
Devin Wang

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