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Week Ahead – US Inflation Data the Headline, BoC Ponders Another Hike, Possible RBNZ Pause

Week Ahead – US Inflation Data the Headline, BoC Ponders Another Hike, Possible RBNZ Pause
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Do "Inflationary Expectations" Cause Inflation? Contra Krugman, the Answer Is No

In the New York Times article “How High Inflation Will Come Down,” Paul Krugman suggests that the key for future inflation is inflation expectations. Krugman does not think that currently inflation expectations are comparable to the 1980s. ....

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Federal Reserve Bank of San Francisco | This Time Is Different…Because We Are

The Federal Reserve has evolved since the “Great Inflation” of the 1970s. With new tools and a deeper understanding of the importance of transparency, it is better prepared to meet the dual mandate goals of price stability and full employment, even in challenging times. The following is adapted from remarks by the president of the Federal Reserve Bank of San Francisco to the Los Angeles World Affairs Council & Town Hall on February 23. ....

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