Using fiscal policy for inflation targeting is crude and horrendously slow.
Additionally, fiscal policy is little slower or more crude than monetary levers. They could be part of the solution.
But putting on the breaks is not going to get them elected.
So we have the Fed who get to be the bad guys.
Additionally, fiscal policy is little slower or more crude than monetary levers. They could be part of the solution.
But putting on the breaks is not going to get them elected.
So we have the Fed who get to be the bad guys.