Bernanke and Blanchard on the role of labor markets in the current inflationary episode:
Policymakers underestimated labor market tightness but "were initially more right than wrong in arguing that tight labor markets would not generate high inflation"
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Bernanke and Blanchard on the role of labor markets in the current inflationary episode:
Policymakers underestimated labor market tightness but "were initially more right than wrong in arguing that tight labor markets would not generate high inflation"