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We presented a simple framework to characterize stagflation in the first installment of this series. Using that framework, we identified 13 instances of stagflation in the United States since 1950 (Figure 1). Episodes vary in severity, but each posed unique challenges to monetary policymakers. In this second installment, we briefly review historical instances of stagflation and their accompanying monetary policy decisions. The distinctive experiences point to an economy whose structural drivers of growth have shifted over time, which underscores the idea that a policy enacted back in the 1970s may not have the same effect today as it did then. ....
COVID-19 May Lead to Persistent Brain Injury Undetected by Routine Tests theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
Public hospitals are urging individuals with mild to moderate symptoms of Covid-19 to visit a general practitioner clinic or polyclinic near their home. ....
COVID Causes Brain Cells to 'Fuse and Malfunction', Study Finds theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
According to the protesting lawyers, Madhya Pradesh High Court has ordered all the district courts in the state to resolve at least 25 pending cases within three months. But the advocates say that there cannot be a decision in any case in this quick time frame. ....