More | Nov 07, 2020 Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear. Quotes by Gavyn Davies
Economy | Nov 07, 2020 Near-zero policy rates that may be considerably expansionary in an economy with high inflation could be contractionary when inflation is too close to zero, or worse, deflation has set in. Quotes by Athanasios Orphanides