The discussion about inflation is tied into a mind - set that high government debt leads to inflation and is therefore bad.
The markets were looking for
some discussion about inflation and were not disappointed.
The discussions about their inflation target being symmetric indicate that the Feds are less concerned about the updraft from inflationary pressures than current market pricing.
Not exact matches
Given these positive surprises, and because monetary policy must be forward - looking to achieve our
inflation target, Governing Council's
discussions focused on three main issues: first, the extent to which recent strength is signalling stronger economic momentum in Canada and globally; second, how heightened levels of uncertainty, particularly
about US tax and trade policies, should be incorporated in our outlook; and third, how much excess capacity the economy currently has, and the growth rate of potential output going forward.
But for today's
discussion, I want to use the May projections as the basis for some remarks
about the nature of the
inflation target.
There has, accordingly, been some
discussion about how this sits with concerns that
inflation might prove to be more persistent than earlier expected.
So on Tuesday as former Fed Chairs Janet Yellen and Ben Bernanke are celebrated at Brookings Institution in Washington, we will no doubt hear some cautious
discussion about rising risks of
inflation.
Koretz uses this precept to frame the
discussion of test - based accountability efforts as well as more in - depth
discussion in later chapters
about some of the more pernicious corruptions of test - based accountability: artificial test - score
inflation, undesirable types of test preparation, and outright cheating.
It is a familiar concept that commodities have provided
inflation protection as discussed in a recent post
about a
discussion I had with Bluford Putnam, Managing Director and Chief Economist, of our partner, CME Group, to discuss why
inflation is likely to appear this year.
Stephen Dover: I find it interesting we're discussing
inflation because what's missing is this 10 - year
discussion we've had on deflation and the great fear we had
about deflation.
Recent
discussion here regarding real, real returns (returns net of
inflation, taxes and fees) and the flawed BLS calculation on Owner's Equivalent Rent sparked a good
discussion about the benefits of buying a home.
A recent
discussion over at Terra Nova also highlights that classical definitions and measures of
inflation and deflation may not make sense for talking
about certain game economies.
Here you can find news and open
discussion about topics regrading
inflation.