…identity of undercover CIA officer Valerie Plame to the media, the source said. So it seems even Rove rejects that not a target canard. While Rove’s latest spin is that…

…balance inflation back to target. If inflation is far above the target, then the implied inflation target has to be way below the target to bring inflation back to the…

…Why the difference? And does the difference matter? Basic Taylor rule Target Fed rate = natural real rate + inflation + 0.5*(inflation – inflation target) + 0.5*(output – output target)…

Robert Waldmann Paul Krugman asks a rhetorical question which I dare to answer. He is still considering Kocherlakota’s argument that low interest rates imposed by the monetary authority must cause…

I’m quite tongue-in-cheek in asking that question, but nevertheless: I present for your delectation what at first blush seems like a revealing bit of chart porn (hat tip: Zero Hedge):…

I don’t know what to say here. Me I am on the other side of the same movement, in the US I am “feeling the Bern” as a Sanders guy…

…demand limit at the inflation target of 2%. Note that inflation is less than the 2% target to the left of the effective demand limit. The equation above for the…

…a target and roughly locate it, but not provide enough information to identify it, target it with weapons, or even to guide a fighter to it.[38] Multiple emitters[edit] Much of…

…made during a more bullish time have added to target-date funds’ troubles as the market melted down. Read related story on changes to target-date investments. Glad I have Social Security….

…years … Which brings us to the key distinction between an inflation target and a price-level target. A central bank operating under an inflation target will let bygones be bygones:…