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Exact(47)
The temptation, after all, would be to inflate rather than to default – and inflation does not have the same kind of "first bite of the cherry" aspect that default has, in which once you've decided to move you might as well impose a 50 percent haircut or thereabouts on creditors.
Understating inflation does not suppress the discontent it causes.
The financial crisis has amply demonstrated that maintaining low inflation does not guarantee economic stability.
In recent weeks, the Fed has emphasized that it will take action if inflation does not.
Higher inflation does not produce more growth or lower unemployment over the long term.
To ensure that inflation does not continue to accelerate, the authorities need to curb real wages.
Similar(13)
"That's assuming inflation doesn't rise," Ms. Reinhard said.
"Otherwise they open accounts with higher interest rates, so that inflation doesn't eat their money".
Surely, inflation doesn't account for the bulk of these ballooning costs.
If people do not expect inflation, then businesses don't raise prices, employees don't negotiate for pay increases, and, sure enough, inflation doesn't happen.
Now we seem to be approaching a point where core inflation doesn't include oil or food either.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com