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react in opposite directions to a shock to the real economy, and the response of inflation to uncertainty shocks vary across …
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react in opposite directions to a shock to the real economy, and the response of inflation to uncertainty shocks vary across …
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react in opposite directions to a shock to the real economy, and the response of inflation to uncertainty shocks vary across …
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The term structure of inflation forecasts disagreement in the US can be summarized by two components: disagreement … about the trend inflation, and disagreement about the cyclical inflation. While the former has identical impacts on … forecasting horizons. Only the cyclical inflation disagreement has a significant impact on monetary policy efficacy. High …
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