Tuesday, February 16, 2010

on the optimal inflation target

We're discussing this week in class the goals of macropolicy and we've just introduced the 'price stability - low inflation' goal realizing that the meaning of 'low' is pretty fluid (just as 'satisfactory' growth is pretty fuzzy).

To add to this fuzziness, skim through this (probably, better to save the link so we discuss a few of the easier issues in class):

What's the right inflation target?

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