Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI
A negative interest rate is impossible under CMUCPP in terms of the Daily CPI.
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Why low inflation is better than no inflation.
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Showing posts with label
Why low inflation is better than no inflation.
.
Show all posts
Tuesday, 8 December 2009
Why low inflation is better than no inflation.
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1. Low inflation is helpful to economic growth. See previous blog. 2. Maintaining a zero inflation monetary policy can lead to unpredictab...
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