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Robert J. Barro

Robert J. Barro

Robert J. Barro, professor of economics at Harvard University, is a non-resident senior fellow at the American Enterprise Institute and a research associate at the National Bureau of Economic Research
Robert J. Barro, professor of economics at Harvard University, is a non-resident senior fellow at the American Enterprise Institute and a research associate at the National Bureau of Economic Research
Languages Spoken:
English

Macroscope | Fed’s policy of massive fiscal expansion is driving surge in US inflation

While US monetary policy was too aggressive for too long, the likely culprit behind the surge in consumer prices was expansionary fiscal policy. It is worth remembering that aggressive monetary policy also followed the Great Recession but did not create a rise in inflation.

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United States