Kiley, Michael T.; Mishkin, Frederic S. - National Bureau of Economic Research - 2024
The world economy has experienced the largest financial crisis in generations, a global pandemic, and a resurgence in … inflation during the first quarter of the 21st century, yielding important insights for central banking. Price stability has … involves a credible commitment to a nominal anchor with a strong response to inflation and pre-emptive leaning against an …