Coulter, Jarod; Duncan, Roberto; Martínez-García, Enrique - 2022
Targeting (FAIT) strategy in August 2020. Using synthetic control methods, we document that U.S. inflation rose post … explore the extent to which targeting average inflation delayed the Fed’s response and contributed to post-FAIT inflation, we …, indicating that targeting average inflation by itself can only explain part of the inflation spike since August 2020 …