Are There Any non-QTM Explanations of the Price Level? Wall Street Pit If it does raise inflation expectations (as QE2 did) it's probably because it changed expectations of future monetary policy. If nominal rates are near zero, the situation is complex–I'll return to that case later. So let's start with an economy that ... |
Wednesday, July 20, 2011
Are There Any non-QTM Explanations of the Price Level? - Wall Street Pit
Read More
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.