RealTime Economic Issues Watch
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REUTERS/Cathal McNaughton
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Joseph E. Gagnon (PIIE)
Important differences in inflation across major economies require radically different policy responses. Demand shocks are driving inflation in the US and UK, calling for tighter monetary and fiscal policies. For Japan, where demand and inflation have declined, continued easy monetary and fiscal policies are appropriate.
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REUTERS/Cathal McNaughton
Brexit Britain in a changing global economy