- Noristhereanyimmediateinflationarydanger.First,theysay,theweakeningeconomywillreduceinflationarypressure.Atsomepointintimethisisinflationary.Inanutshell,EMinflationarypressurebearsveryclosewatchingoverthenextsixmonths.Andretreatingenergycostsmayyetsn...
- 10608
- Furthermore,thisinflationwouldbepre-announced:no-onewouldhavebeentricked,andinflationaryexpectationswouldremainanchoredtotheinflationarytarget.Butactualinflationaryexpectationsmaynothavedeclinedasmuchasbondmarketsimply.Anoverheatedeconomycanonlyexace...
- 27940
- Potentiallyhigherwagesmayexacerbateinflationarypressure.First,theysay,theweakeningeconomywillreduceinflationarypressure.Yettightcontrolsonthemoneysupplyhavekeptinflationarypressurelowerthanfeared.Ahighgrowthspeedwillbringmorejobs,butatthesametimeincr...
- 9044
- Butactualinflationaryexpectationsmaynothavedeclinedasmuchasbondmarketsimply.Anoverheatedeconomycanonlyexacerbateanincipientdeteriorationininflationaryexpectations.Suchalossofconfidencemightthenundermineinflationaryexpectationsandraiselong-terminteres...
- 13143