On Aug 9, 2011, at 3:58 PM, raghu wrote: > Instead of fixing a dollar figure for quantitative easing, they could > aim for a specific inflation target. Krugman and even people like > Mankiw and Rogoff have argued for a temporarily higher inflation > target of 4-5%.
That would be utterly meaningless. How could you get inflation to 4-5% with the economy this weak? 10-year TIPS - inflation-protected T-notes - went negative a little while ago. Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
