Tuesday, November 30, 2010

on Inflation Fears - A fact based approach

Roubini Global Economics - U.S. EconoMonitor: "So the quantity theory (which, just to remind readers, refers to money and not money base) suggests little prospect of rapid inflation, given the recent evolution of money aggregates. With the 2010 output gap between 3.4 to over 6 percentage points of GDP [0], a Phillips curve analysis seems to point to muted inflation if not disinflation."

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