A slightly off-center perspective on monetary problems.

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Should we accept lower than 2% inflation?

June 26, 2019

Facebook Twitter Google+ LinkedIn Here’s Scott Mather in the Financial Times: Central banks around the world are pivoting toward easier monetary policy. In pursuit of a 2 per cent target for inflation, major central banks seem willing to exhaust their monetary policy ammunition at a time when economic output is at — or... Read More >>
Other Posts

The next 3 years will definitely be interesting

Facebook Twitter Google+ LinkedIn [Before starting, let me point to a very interesting new working paper at Mercatus, by Robert Hetzel.  He... Read More >>

Surprising trends in air travel

Facebook Twitter Google+ LinkedIn I’d first like to correct one point from an earlier post on Chinese airline travel. I suggested... Read More >>

Two ways of thinking about the Phillips curve

Facebook Twitter Google+ LinkedIn There are two ways of thinking about the Phillips curve relationship: 1. Falling inflation causes higher unemployment.2. Higher unemployment... Read More >>

Never assume the markets are wrong

Facebook Twitter Google+ LinkedIn Here’s the FT: One can look at equities and bond yields and conclude that one of these markets is... Read More >>

Bubbles are such a useful concept!

Facebook Twitter Google+ LinkedIn Yes, I’m being sarcastic. I’m long past the point where I regard “bubbles” as an intellectual idea... Read More >>

More on Libra and monetary policy

Facebook Twitter Google+ LinkedIn The FT has a new piece by a Facebook co-founder Chris Hughes, which argues that the proposed Libra... Read More >>

Will Libra impinge on monetary policy?

Facebook Twitter Google+ LinkedIn Here’s Tyler Cowen, discussing the proposed new Facebook cryptocurrency called “Libra”: 4. We are told “The association does not... Read More >>

Don’t be biased (It won’t be Trump’s fault)

Facebook Twitter Google+ LinkedIn How many pundits believe the following three things: 1. Trump is despicable, by far America’s worst President ever. 2. Trump’s... Read More >>

Believe whatever you like

Facebook Twitter Google+ LinkedIn Lindsey Graham has certainly raised some eyebrows since the death of his friend John McCain, by radically shifting... Read More >>