Inflation May 2024 Impact On Society. In a recent paper in the review of economic dynamics, cochrane argues that higher inflation resulted from the federal government pouring trillions of dollars in stimulus spending into the economy during the pandemic. In this mckinsey explainer, we answer the question what is inflation and examine the root causes, key metrics, and the overall impact on our society.
Inflation has some major impacts on the economy. My study with erdem aytaç and daniel mcdowell shows that inflation undermined support for the democrats in the 2024 presidential election.
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