Tuesday, September 22, 2009

Inflation, modern macro, monetary policy, and wages

Inflation is low, but still positive. There have been a number of forecasts saying that inflation will stay low for some time--seems like Austrian economists haven't been listening, though.

Robert Waldmann on modern macro.

Sumner on monetary policy. Could the Fed have acted better? Sumner is sometimes wordy, but always worth a read.

A bit on wages from the San Francisco Fed. Wage growth has been stagnating. Hopefully the rise in productivity will turn that around?

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