What the Fed Has Forgotten: The Inflation Cycle Is Not the Business Cycle

Anirvan Banerji () and Lakshman Achuthan

Challenge, 2019, vol. 62, issue 4, 242-252

Abstract: The Federal Reserve has been confounded by the inability to get inflation to rise. The authors argue that the central bank is confusing the business cycle with a separate inflation cycle. If it looked to inflation indicators, it might well understand the course of future inflation, they say.

Date: 2019
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DOI: 10.1080/05775132.2019.1632000

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