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Nicholas Decker 🏳️🌈🌐🇺🇦 @captgouda24 on x 20K followers
Created: 2025-07-23 04:48:50 UTC
The standard New Keynesian model is clear that the Fed should stabilize the price level. However, it assumes an economy of identical firms with no linkages. Adding input-output linkages meaningfully changes the results, and it may be optimal to have positive inflation! 1/
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Related Topics inflation federal reserve