Tóm tắt: Mặc dù có nhiều quan điểm cho rằng Fed đã phản ứng thiếu tích cực với lạm phát gia tăng vào năm 2021, khi nền kinh tế Mỹ bắt đầu phục hồi sau cuộc khủng hoảng COVID-19. Tuy nhiên, trên cơ sở phân tích các phản ứng của Fed khi xảy ra đại dịch và tiền trình điều chỉnh lãi suất khi lạm phát gia tăng, có thể thấy cách tiếp cận chính sách này là tương đối phù hợp để đối phó với cú sốc tiêu cực về cầu, trong một sự kiện như cuộc khủng hoảng COVID-19.
Từ khóa: Fed, chính sách tiền tệ, Covid-19.
Tài liệu tham khảo:
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- Kydland, Finn E., and Edward C. Prescott. 1977. “Rules Rather than Discretion: The Inconsistency of Optimal Plans.” Journal of Political Economy 85 (3): 473–91. https://doi.org/10.1086/260580.
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