Monthly Archives: April 2018

A neo-Fisherian experiment that hedges its New Keynesian bets

The experience of a country like Japan, where interest rates have been at their floor for 2 decades now, and inflation is still undershooting the BoJ target of 2 per cent, is enough to test the faith of a New … Continue reading

Posted in Uncategorized | 2 Comments

Phillips Curve bashing and immaculate inflation

A few points prompted by the recent exchange between David Andolfatto and Paul Krugman, and the recurrent phenomenon of comment pieces on the demise of the Philips Curve.  These pieces are hot lately because of the surprising coincidence of falls … Continue reading

Posted in Uncategorized | 3 Comments