Central bank efforts to curb inflation could impact long-term innovation, research shows

📆 8/25/2023 9:52 PM
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Efforts by central banks to counter inflation by raising interest rates and tempering consumer demand for goods and services might hinder investments in transformative technologies.

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The study exposed that an unexpected 1-percentage-point tightening of monetary policy led to a reduction of up to 3% in company spending on research and development.Central bank

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