tag:blogger.com,1999:blog-5713178645208582139.post3137779463320625851..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: The Latest Central Bank Fad: Asymmetric Inflation TargetingDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5713178645208582139.post-65119403281435151082016-01-30T12:08:24.556-06:002016-01-30T12:08:24.556-06:00Oh, Level targeting, level targeting. My kingdom f...Oh, Level targeting, level targeting. My kingdom for a level target!Prakashhttps://www.blogger.com/profile/10227431671018440503noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-47944689858128032672016-01-27T20:01:41.203-06:002016-01-27T20:01:41.203-06:00Great post--- remember, there are FOMC members who...Great post--- remember, there are FOMC members who have declared they would prefer deflation. There are others who said they preferred 0% inflation, however measured.<br /><br />In memory, I cannot remember an FOMC member saying that 3% inflation would not be too bad for a few years. And I cannot recall an FOMC member saying that his ceiling is 4% unemployment.<br /><br />Is an independent Fed Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-47928709732883437872016-01-27T15:10:21.824-06:002016-01-27T15:10:21.824-06:00I am happy for optimists; they make the rest of us...I am happy for optimists; they make the rest of us look good--generally, when we wish we had been wrong.<br /><br />Looking at <a href="https://research.stlouisfed.org/fred2/graph/?g=3gtK" rel="nofollow">Trimmed Mean PCE</a>, I'm having trouble seeing Fed willingness to tolerate 1.60-1.75%, let alone 2.00%. The only time we touched anything above 2$ was coming straight out of the bottom, Ken Houghtonhttps://www.blogger.com/profile/01440837287933536370noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-88901017733570647712016-01-27T14:38:54.265-06:002016-01-27T14:38:54.265-06:00Hey Ken, how are you? I guess someone has to be th...Hey Ken, how are you? I guess someone has to be the eternal optimist.David Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-56291744231985133662016-01-27T09:32:16.538-06:002016-01-27T09:32:16.538-06:00I admire your optimism about the Fed.I admire your optimism about the Fed.Ken Houghtonhttps://www.blogger.com/profile/01440837287933536370noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-42376759658529858852016-01-27T06:24:54.470-06:002016-01-27T06:24:54.470-06:00The problem with central banks, especially the Fed...The problem with central banks, especially the Fed, is NOT that they treat their inflation target as asymmetric. But it is that they treat their overall mandate as asymmetric. Cut rates a lot and fast, keep it lower for longer in response to every dip down in the stock market, every dip down in every asset market and raise very very slowly if at all. They have perpetuated bubbles and you are Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-91003174669078795382016-01-27T05:16:58.215-06:002016-01-27T05:16:58.215-06:00Great pic, David:
http://acemaxx-analytics-dispin...Great pic, David:<br /><br />http://acemaxx-analytics-dispinar.blogspot.de/2016/01/negative-zinsen-und-asymmetrische.html<br /><br />http://goo.gl/0gjcfZ<br />Acemaxx-Analyticshttps://www.blogger.com/profile/00845172176846300139noreply@blogger.com