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Federal Reserve Bank of Richmond: "Inflation and the Timing of Actions With Discretionary Monetary Policy"
November 09, 2025
RICHMOND, Virginia, Nov. 9 (TNSLrpt) -- The Federal Reserve Bank of Richmond issued the following economic brief (No. 25-40)in October 2025 by Willem Van Zandweghe and Alexander L. Wolman entitled "Inflation and the Timing of Actions With Discretionary Monetary Policy".

Here are excerpts:

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The optimal (or equilibrium) inflation rate is one of the most important and most studied ideas in monetary economics. Dating back to the influential 1977 . . .

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