The troubling bit is that these forecasts reveal a basic lack of understanding of the underlying inflation process.

Inflation targeting has been successful because it managed to anchor expectations — until it did not.

Behind the notion of inflation targeting lies a theoretical model.


Did inflation targeting fail?




Kommentarer

Populära inlägg i den här bloggen

Cognitive blind spots

Martin Wolf; The next crash - Why this time might not be different

27 juli. Oman. Yemen. Fallande oljepris. Wildfire threatens Bordeaux. Dance While The Music Still Goes On. Huawei.