Economic research suggests the link between the two is more complex.
At the same time, economists say government spending can affect both demand and supply in the economy, making its total impact on inflation more difficult to read.
The study published earlier this month — co-authored by the central bank’s Yinxi Xie and Chang Liu from the National University of Singapore — focuses specifically on government spending on goods and services, leaving out transfer payments to people and businesses.Article content The researchers suggest that a rise in government spending can reduce inflation by boosting employment levels, therefore increasing supply in the economy.
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Biden strikes economic populist tone during campaign rally before exuberant union membersPresident Joe Biden is promoting his pro-labor record Saturday at his first major political rally of his reelection campaign, appearing alongside union members to make the case that his economic agenda is boosting the middle class.
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Biden strikes economic populist tone during campaign rally before exuberant union membersPresident Joe Biden is declaring himself the most pro-labor president ever as he revels in cheers from exuberant union members at the first major political event of his reelection campaign.
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President Biden strikes economic populist tone during rally before exuberant union membersHis choice of Philadelphia and Pennsylvania — and a friendly union audience — as his first official campaign stop reflected their crucial role in his reelection effort.
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Biden strikes economic populist tone during campaign rally before exuberant union membersPresident Joe Biden delivered an unapologetically economic populist message Saturday during the first rally of his reelection campaign, telling an exuberant crowd of union members that his policies had created jobs and lifted the middle class. Biden spotlighted the sweeping climate, tax and health care package signed into law last year that cut the cost of prescription drugs and lowered insurance premiums — pocketbook issues that advisers say will be the centerpiece of his argument for a second term. “I'm looking forward to this campaign,' Biden said to cries of “four more years!” before adding, 'We've got a record to run on.”
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Biden strikes economic populist tone during campaign rally before exuberant union membersPresident Joe Biden struck an economic populist message during the first rally of his reelection campaign. The president told an exuberant crowd of union members in Philadelphia that his policies had created jobs and lifted the middle class. Now, he said, is the time for the wealthy to “pay their fair share” in taxes. His choice of Philadelphia and Pennsylvania – and a friendly union audience — for the campaign venue reflects their crucial role in his reelection effort. The city was the site of his campaign headquarters in 2020 and the state was one of a handful that had voted for Republican Donald Trump in 2016 but flipped back to Democrats four years later.
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