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https://www.wsj.com/articles/what-weve-learned-about-inflation-prices-federal-reserve-borrowing-debt-fiscal-theory-faf66883

What We’ve Learned About Inflation

With price increases easing, it’s time to take stock of how various theories have performed.

By

John H. Cochrane

Aug. 1, 2023 5:54 pm ET

Journal Editorial Report: But where's the recession everyone predicted? Images: Getty Images Composite: Mark Kelly

As inflation eases, representatives of different schools of thought are taking victory laps. But who really deserves one? What have we learned about inflation?

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.