September 14, 2022 | Commentary
  • Type of publication: Commentary
  • Research or In The Media: Commentary
  • Research Area: Finance, Jobs & Macroeconomics
  • Publication Date: 2022-09-14
  • Authors:
    • Add Authors: Robert Pollin
  • Show in Front Page Modules: No
In a commentary for The Nation, PERI's Robert Pollin argues that raising interest rates to increase unemployment is not the solution to addressing inflation. He posits that "an average inflation rate of 3-4 percent, as opposed to 1-2 percent, is not a serious problem, as long as that somewhat higher inflation rate results from increased wages and a more equal distribution of the economy’s overall economic pie."
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