Reflation, earnings and fiscal dominance lessons from the '40s and '50s Let's Be Independent Together Figure 5: Price instability, as measured by the rolling standard deviation of CPI, is rebounding. It was extreme in the post-war period, both interest and exchange rates were fixed leaving domestic consumer prices as one of the few escape values for business cycle pressures.
Podcast: Let's be Independent Together
Podcast: Let's be Independent Together
Podcast: Let's be Independent Together
Reflation, earnings and fiscal dominance lessons from the '40s and '50s Let's Be Independent Together Figure 5: Price instability, as measured by the rolling standard deviation of CPI, is rebounding. It was extreme in the post-war period, both interest and exchange rates were fixed leaving domestic consumer prices as one of the few escape values for business cycle pressures.