New York Fed: 'Tradeoffs for the Poor, Divine Coincidence for the Rich'
April 10, 2025
April 10, 2025
NEW YORK, April 10 (TNSres) -- The Federal Reserve Bank of New York issued the following staff report (No. 1147) in April 2025 by Marco Del Negro, Ibrahima Diagne, Keshav Dogra, Pranay Gundam, Donggyu Lee and Brian Pacula entitled "Tradeoffs for the Poor, Divine Coincidence for the Rich."
Here is the abstract:
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We use an estimated medium-scale HANK model to investigate how the tradeoff between stabilizing inflation and consumption volatility . . .
Here is the abstract:
* * *
We use an estimated medium-scale HANK model to investigate how the tradeoff between stabilizing inflation and consumption volatility . . .