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Low Inflation

Faster Inflation Would Help...Really!

Jared Bernstein | Posted 12.27.2013 | Business
Jared Bernstein

If such persistently low inflation is a symptom of weak growth, it's not exactly obvious that faster inflation itself would lead to improved growth rates. Isn't this mistaking an outcome variable for an input variable? In fact, there are various ways in which higher inflation can help at a time like this.

The Trouble With Low Inflation

Jared Bernstein | Posted 07.01.2013 | Business
Jared Bernstein

Nominal wages for incumbent workers are still pretty sticky. If you're lucky enough to have a job, think about your own case. I suspect you haven't seen much in the way of raises, but has your salary actually been cut in nominal terms?