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The Federal Reserve has made significant progress toward price stability over the last two decades. The annual inflation rate has declined from 13 percent in the early 1980s to roughly 2 percent today. But, to be sure, the current low-inflation environment has come at a price. One key cost of...
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An abstract for this article is not available
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An examination of the impact of inflation and unemployment on poverty, using a poverty rate based on goods and services …
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An argument that attempting to alleviate the burden of unemployment on the less affluent through expansionary monetary …
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By most estimates, the U.S. unemployment rate is currently below its "natural rate." The implication is the economy is …
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The natural rate of unemployment has become an important topic recently as the Federal Reserve has raised short …-term interest rates in an attempt to keep the economy from overheating. The natural rate represents the lowest possible unemployment … are reported in the author's "New Estimates of the Natural Rate of Unemployment," which appeared in the Fourth Quarter …
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