I was wondering of the details of the relation between inflation and unemployment and how central banks affect it. Do central banks have a role in pushing down prices? How does it work? If yes, how is it possible to push down prices with monetary policy when we barely saw any inflation with the quantitative easing following the financial crisis ten years ago? Or was it a prevention of an even more severe deflation? Thanks in advance!
How is inflation targeting of central banks related to unemployment and how is it implemented?
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