krugman is convinced that romer is too cute:
And really, I do not think the inflation hawks are relying on models. They're going with their good: eek! inflation! printing money! eeevil! This is not a rational discussion.The implied inflation expectations, which are published by the Cleveland Fed are, at least in February 2011 is not significantly different from those in February 2010. The long-term inflation expectations have fallen rather than risen. But not at the level of 2009 (the height of the crisis). Unfortunately, I have no data for the € ... Guess that inflation expectations are not significantly different.
0 comments:
Post a Comment