I asked this before but I don’t think I explained well what I meant. Nominal US GDP is $24 T. You want it to stay there for say 3-4 quarters. Let’s use 4 - easier math but note negative impacts less if only 9 months. If inflation immediately dropped to the 2% as stated, that would imply real growth at -2% so pretty garden variety recession. Am I missing anything? Thanks!
What data indicates fiscal policy and resulting boost to consumer and business cash didn’t influence US inflation. Why can’t supply disruptions, monetary expansion, and fiscal all be material contributions?
I asked this before but I don’t think I explained well what I meant. Nominal US GDP is $24 T. You want it to stay there for say 3-4 quarters. Let’s use 4 - easier math but note negative impacts less if only 9 months. If inflation immediately dropped to the 2% as stated, that would imply real growth at -2% so pretty garden variety recession. Am I missing anything? Thanks!
What data indicates fiscal policy and resulting boost to consumer and business cash didn’t influence US inflation. Why can’t supply disruptions, monetary expansion, and fiscal all be material contributions?