Higher inflation to spur economic growth and job creation.
In August 1994, Alan Blinder, recently appointed as vice chairman of the Federal Reserve Board, gave a talk in which he argued that the Fed should be willing to tolerate somewhat higher inflation in order to spur economic growth and job creation. The dollar fell, almost immediately. Explain the link between Dr. Blinder's views and the value of the dollar.
The view that the Fed should try to stimulate economic growth at the risk of somewhat more inflation is precisely the attitude that got the United States in so much trouble in the late 1960s and 1970s. By announcing, in effect, that he was "soft" on inflation, Dr. Blinder scared the financial markets because anyone who ...
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... that unemployment is still at a very high 7.8%, and ... as some tax breaks to offset inflation (possibly). ... revenue to support more initiatives to spur the economy ...
... irreversible institutional change toward low inflation, fiscal responsibility ... past few decades have spurred increases in ... benefits are low, but turnover is high. ...
... from Taiwan, where foreign investment helped spur output of ... last decade leading to over-heating and inflation in the ... economy with a demand much higher than the ...
... The installation's legendary heritage spurs modern aerospace ... short-run, potentially leading to higher inflation (in buoyant ... 18 Measuring the economic impact of ...
... This requires high spending, a strong state and political ... It does not, in other words, spur demand ... of Labor Statistics uses a method that overstates inflation. ...
... with two recessions and high rates of inflation, and. ... bargaining strength owing to higher levels of coverage ... competition spurred by low-cost carriers, gradually ...
... of the tax credit meant to spur development and ... changing economic times and ever inflation rates that ... poorer individuals in society through high process since ...
... nation is able to achieve a higher current living ... of domestic investment which could spur future economic... The underlying cause of inflation is not devaluation ...
... after 1950 (if that yielded higher benefits). ... designed to keep pace with inflation, the provided ... were economic in nature and spurring economic growth) and, in ...
... This spurs the salespersons to make smarter efforts and ... two points are to be clearly inflation rate and ... that better to utilize the region's high-quality public ...
