Exact(2)
At first, that might appear to create a problem of sorts for the Bank of England, which is puzzling over divergent inflation and unemployment figures in order to determine how close the economy is to full capacity.
FT Alphaville links to a puzzling piece by Maasaki Kanno, who argues that the relative success of Abenomics in Japan, so far, reflects a divergence in expectations between the currency and bond markets: The key to understanding the success of Abenomics is the asymmetric response between the currency and the bond markets, which can be attributable to divergent inflation expectations.
Similar(56)
Because the bank sets monetary policy for 12 countries, with divergent rates of economic growth and inflation, its rates cannot be tailored perfectly to every country.
By the end of 2008 views were wildly divergent: one in five Britons thought inflation would be above 5%, another fifth expected deflation.
"Inflation rates in Europe are very divergent," he added.
But it's particularly interesting as Mr Blanchard is adding his voice to a growing chorus, including economists of highly divergent ideological stripes, supporting a move to higher inflation levels.
And Divergent is dangerous.
They took divergent paths.
Divergent is anything but.
Even Harry Potter? Divergent?
I absolutely loved Divergent.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com