is this: what is behind the very low inflation rate in US?
is the shale gás phenomenon a significantly important supply shock able to promote growth without inflation for some years in the US (cesg's conjecture)? or is fk correct in arguing inflation is temporarily low only (mark-up shocks to a felipes curva in a dsge model!!), no super-marvelous new steady-state in sight...?
in cesg's scenario, the excessive stress may ebb away in a couple of months; in fk's, it only gets sourer and sourer
Bernanke é bom praca...
ResponderExcluirMaradona
Independente de quem esteja certo o 10 anos vai furar 3,0% antes do segundo semestre.
ResponderExcluir" (mark-up shocks to a felipes curva in a dsge model!!) "
ResponderExcluirmark-up shocks ? theory of labour value again ? Oh God !
Phillips Curve ?
Fabio K, forget Keynes and Cambridge. Don't regress, only calibrate
Cesg you are my hero !, after antoninho of course