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Inflation Borrowing Rates

Faster Inflation Would Help...Really!

Jared Bernstein | Posted 12.27.2013 | Business
Jared Bernstein

If such persistently low inflation is a symptom of weak growth, it's not exactly obvious that faster inflation itself would lead to improved growth rates. Isn't this mistaking an outcome variable for an input variable? In fact, there are various ways in which higher inflation can help at a time like this.