Isn't it annoying when the price level and the rate of inflation are confused? Or when bringing down the inflation rate is confused with reducing the price level? See my recent (Feb. 20, 2023) letter in the FT: https://www.ft.com/content/e7fff27b-0c10-47a7-b9a0-d6470b80c68c. (Subscription may be needed.)
Occasional musing on issues relevant to monetary policy and associated topics.
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New SUERF Policy Brief with Mai Hakamada
Mai Hakamada (IMF) and I have a new SUERF Policy Brief on Inflation Shocks and Policy Delay: What are the Consequences of Falling Behind t...
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Mai Hakamada (IMF) and I have a new SUERF Policy Brief on Inflation Shocks and Policy Delay: What are the Consequences of Falling Behind t...
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In “What we must still learn about the great inflation disaster” (April 28, 2024), Martin Wolf is correct in arguing that the Bernanke Rep...
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Roberto Billi, Ulf Söderström and I just reviewed the proofs for our forthcoming JMCB paper, "The role of money in monetary policy at ...
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