Chapter 1: Fiscal Policy and Inflation with John Cochrane | LFHSPBC скачать в хорошем качестве

Chapter 1: Fiscal Policy and Inflation with John Cochrane | LFHSPBC

Chapter One: The Fiscal vs. Monetary Theory of Inflation John Cochrane explains that the economic phenomenon of inflation concerns not relative price increases but rather an increase in all prices and wages. Cochrane then demonstrates how the government’s response to the COVID pandemic has caused the current 40-year highs of inflation. Finally, Cochrane shows how the fiscal and monetary theories explain inflation and where they differ. For more information, visit the PolicyEd page here: https://www.policyed.org/lessons-hoov... To learn more about the Hoover Summer Policy Boot camp, visit: https://www.hoover.org/hoover-institu.... Click below to watch the other videos in this series. Chapter 1:    • Chapter 1: Fiscal Policy and Inflation wit...   Chapter 2:    • Chapter 2: Fiscal Policy and Inflation wit...   Chapter 3:    • Chapter 3: Fiscal Policy and Inflation wit...   Additional resources: Read “Fiscal Histories,” by John Cochrane. Available here. https://static1.squarespace.com/stati.... Listen to “What ‘Is’ Is: John Cochrane on Recessions, Inflation, the Fed, Debt and ‘Green Pork,’” with Bill Whalen and John Cochrane. Available here. https://www.hoover.org/research/matte.... Read “Inflation and Monetary Policy,” via Policy Insights by PolicyEd. Available here. https://www.policyed.org/policy-insig.... Read “The ‘Shrink the Economy’ Act,” by David Henderson. Available here. https://www.hoover.org/research/shrin.... Read “It’s Time to Get Back to Rules-Based Monetary Policy,” by John Taylor. Available here. https://www.hoover.org/research/its-t.... Visit https://www.policyed.org to learn more. Subscribe to PolicyEd’s YouTube channel: http://bit.ly/PolicyEdSub Follow PolicyEd on Twitter: http://bit.ly/PolicyEdTwit Follow PolicyEd on Instagram: http://bit.ly/PolicyEdInsta