Beware the monetary cliff
AbstractThe monetary cliff, or US potential to slip into a period of negative inflation (deflation), is more threatening than the fiscal cliff the United States faced earlier this year. Fed Chairman Ben Bernanke and soon-to-be chairman Janet Yellen should make deflation avoidance a more clearly stated Fed objective.
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Bibliographic InfoPaper provided by American Enterprise Institute in its series Working Papers with number 39269.
Date of creation: Oct 2013
Date of revision:
the Federal Reserve; Janet Yellen; FOMC; Economic outlook; deflation;
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-11-09 (All new papers)
- NEP-CBA-2013-11-09 (Central Banking)
- NEP-MAC-2013-11-09 (Macroeconomics)
- NEP-MON-2013-11-09 (Monetary Economics)
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