I was playing with words, but also was thinking that disinflation was only a situation of low inflation, not necessarily linked to low unemployment, given that the neoclassical explanation would suggest that low unemployment rates signal wage pressure thus 'fueling' inflation. I think it's time to go home here in the Eastern Time Zone. Susan Fleck > ---------- > From: Jim Devine[SMTP:[EMAIL PROTECTED]] > Sent: Thursday, April 06, 2000 7:08 PM > To: [EMAIL PROTECTED] > Subject: [PEN-L:17797] Re: RE: Re: Re: Re: Re: Current (heterodox) > thinkingoni nterestrates? > > I wrote > > >currently, we're having the opposite of stagflation, i.e., low > > official unemployment rates and low inflation. > > Susan Fleck asks: > >Would that be disemployment? > > officially it's called disinflation. > > Jim Devine [EMAIL PROTECTED] & http://liberalarts.lmu.edu/~jdevine >
