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Does Inflation Targeting Make the Poor Poorer?

Jan 16, 2019 | Inequality & Distribution

When central banks set inflation targets, they effectively redistribute income from wage earners to bondholders

Interview Featuring

Video

Central banks’ shooting for a specific rate of inflation may seem like gospel now, but it wasn’t always that way. Mario Seccareccia, professor of economics at the University of Ottawa, traces the history of the policy from New Zealand to the U.S.

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