the imperial dollar won't nor will the euro zone
pretty much for identical reasons

japan is a fiddler so ….

of course our junior partner in the tilt

is hardly likely to blow it up eh ???

Posted by pinky at 06:28 PM

then fair trade tariffs on imports and subsidies to exports need to be threatened set up
tried on a limited demonstration basis

by targeting the main trading partner

that is the biggest

forex fiddle offender

Posted by pinky at 06:25 PM

expectations that aren't believed even by the expecter

price level targeting hits a deflation dip (note not simply inflation rate deceleration but line crossing deflation)
the effective demand accelerates because inflation expectations just went up

where as orthodox inflation targeting

hits the same deflationary dip leads to no increase in inflationary expectations …obviously

hey what if the expectaion function changes when the zero bound is hit
ie the price level target becomes unreachable by monetary instruments

used in times of deceleration but with concommitant

a priori higher nominal policy rates

Posted by pinky at 06:14 PM

if the rules of trade require no subsidy
then why not unlimited loans

periodic defaults and restructuring

Posted by pinky at 08:08 PM