- Potentiallyhigherwagesmayexacerbateinflationarypressure.First,theysay,theweakeningeconomywillreduceinflationarypressure.Yettightcontrolsonthemoneysupplyhavekeptinflationarypressurelowerthanfeared.Ahighgrowthspeedwillbringmorejobs,butatthesametimeincr...
- 6502
- Butactualinflationaryexpectationsmaynothavedeclinedasmuchasbondmarketsimply.Anoverheatedeconomycanonlyexacerbateanincipientdeteriorationininflationaryexpectations.Suchalossofconfidencemightthenundermineinflationaryexpectationsandraiselong-terminteres...
- 10601
- Noristhereanyimmediateinflationarydanger.First,theysay,theweakeningeconomywillreduceinflationarypressure.Atsomepointintimethisisinflationary.Inanutshell,EMinflationarypressurebearsveryclosewatchingoverthenextsixmonths.Andretreatingenergycostsmayyetsn...
- 8066
- Furthermore,thisinflationwouldbepre-announced:no-onewouldhavebeentricked,andinflationaryexpectationswouldremainanchoredtotheinflationarytarget.Butactualinflationaryexpectationsmaynothavedeclinedasmuchasbondmarketsimply.Anoverheatedeconomycanonlyexace...
- 25398