というNBER論文(原題は「US Monetary Policy and the Return to Price Stability」)を元FRB副議長のリチャード・クラリダ(Richard H. Clarida、現コロンビア大)が上げている。 以下はその要旨。 This paper assesses the proximate causes of the post pandemic surge in US inflation, the Federal Reserve's real time reaction to and interpretation of incoming data in 2021, and the pivot to raising rates and shrinking the balance sheet that commenced in 2022 and cont
