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Is inflation back?(Ahead Of The Curve)
ITEM: In her published release on May 24, 2004, Associated Press Writer Jeannine Aversa offered: "In its latest economic outlook, the National Association for Business Economics estimated that inflation, as measured by the Consumer Price Index, will rise by 2.5 percent in 2004." She then attributed the overall rise in prices to increased costs for energy and steel.
AHEAD OF THE CURVE: Until relatively recently, the American people were being told that inflation was a thing of the past. In fact, according to some sources including Federal Reserve Chairman Alan Greenspan, the great fear was no longer inflation but deflation. Just last year, the Wall Street Journal, in its May 19, 2003 issue, published a story headlined: "Having Defeated Inflation, Fed Girds for New Foe: Falling Prices." The Journal noted that inflation had hit a 37-year low and agreed with Greenspan's assessment that the remedy to deflation was inflation.
In truth, inflation had never ceased to threaten the American economy, a point we emphasized in our June 30, 2003 article ...
- Deflation myth: Alan Greenspan and the Fed are obsessed with fighting...
- News wire article from: The America's Intelligence Wire March 5, 2003 700+ words
...due, in part, to an acceleration in inflation -- not to deflation. The first sign of higher inflation came with the rise in the dollar-gold...by accelerations in the rates of price inflation recorded in such backward-looking measures...
- Cross-border deflation myth must be laid to rest.
- News wire article from: Asia Africa Intelligence Wire April 30, 2003 700+ words
...1998 was explained by the effect of cross-border shopping and home purchases. Instead it said Shenzhen was experiencing inflation as a result of its integration with Hong Kong. The findings are of more than academic significance since Hong Kong's policy...
- Inflation and uncertainty: tests for temporal ordering.
- Magazine article from: Journal of Money, Credit & Banking Holland, A Steven August 1, 1995 700+ words
...BODY of evidence indicates that the rate of inflation is positively associated with inflation uncertainty, both across countries and for...however: Does an increase in the rate of inflation cause an increase in inflation uncertainty...
- Inflation targeting: theory and policy implications.
- Magazine article from: International Monetary Fund Staff Papers Green, John H. December 1, 1996 700+ words
Inflation targeting is a monetary policy framework under which policy decisions are guided by expected future inflation relative to an announced inflation target. Five industrial countries have announced formal inflation...
- Inflation in New Zealand's trading partner economies.
- Magazine article from: The Reserve Bank of New Zealand Bulletin Ranchhod, Satish September 1, 2008 700+ words
Inflation pressures in other economies have important implications for inflation, activity and monetary policy in New Zealand. This article examines inflation trends in New Zealand's trading partner economies over the past decade. Looking at...
- Inflation-indexed bonds: a primer for finance officers.
- Magazine article from: Government Finance Review Stumpp, Margaret Tipp, Robert February 1, 2003 700+ words
...hedging and diversification features of inflation-indexed bonds makes this relatively...worth considering for public investors. Inflation remains one of the greatest obstacles...despite its dormancy in recent years. Inflation robs fixed interest payments of purchasing...
- Inflation targeting: why it works and how to make it work better.
- Magazine article from: Business Economics Gavin, William T. April 1, 2004 700+ words
Inflation targeting has worked well because it...debate, decide on, and communicate the inflation objective. In practice, this process...that the central bank has a long-term inflation objective. Inflation targeting has been...
- The relationship between inflation expectations survey data and...
- Magazine article from: The Reserve Bank of New Zealand Bulletin Ranchhod, Satish December 1, 2003 700+ words
Inflation expectations play an important role in shaping the inflation consequences of economic activity. Hence, they are...importance for monetary policy. Survey measures of inflation expectations are available, but whether they are...
- Inflation and taxation with optimizing governments.
- Magazine article from: Journal of Money, Credit & Banking Poterba, James M. Rotemberg, Julio J. February 1, 1990 700+ words
Inflation and Taxation with Optimizing Governments...finance has efficiency costs. Higher inflation rates may adversely affect the economy...Numerous authors have examined the optimal inflation rate in the presence of tax finance...
- Inflation fears haunt some money managers; Predicting a swell, some advisers...
- Magazine article from: Investment News October 1, 2007 700+ words
...many investors remain worried about inflation and are taking steps to mitigate the risks it might pose to their portfolios. "Inflation risk is much underrated,'' said Robert...money manager in Pasadena, Calif. "Inflation has been, and remains, more of a problem...
Source: HighBeam Research, Is inflation back?(Ahead Of The Curve)