November 17, 2023

There is little disagreement that real GDP, the inflation rate, and bond yields are key indicators of economic wellbeing. While there is no disagreement that these variables are intertwined, there are a variety of disagreements among economists regarding the interdependencies among these variables, as well as the degree of control policymakers have over these variables and their economic drivers. Let’s review some of the alternative views held by a variety of economists and policymakers.

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