Ed Dolan
1 min readApr 3, 2020

--

Well, theoretically there is a scenario that would give us inflation — if the supply shock effects hang around while the demand stimulus takes off. But somehow I can’t see that actually happening. I think weak export demand, plus lack of business fixed investment, plus precautionary saving on the part of consumers will keep aggregate demand in check.

--

--

Ed Dolan
Ed Dolan

Written by Ed Dolan

Economist, Senior Fellow at Niskanen Center, Yale Ph.D. Interests include environment, health care policy, social safety net, economic freedom.

No responses yet