Authors:

  • Robert Barro

Excerpt

Mysteries of Monetary Policy. Robert Barro, July 4, 2019, Opinion, "Since the federal funds rate peaked at 22% in the early 1980s, inflation in the United States has remained low and stable, leading many to believe that the mere threat of renewed interest-rate hikes has kept it in check. But no one really knows why inflation has been subdued for so long." Link