Interest and inflation

M A Jones jones118 at
Sun Apr 16 05:09:40 PDT 2000

----- Original Message ----- From: "Michael Pollak" <mpollak at>

> inflation was low because of conjunctural factors (low commodity prices,
> low economic activity in Asia and Europe, low oil prices, strong dollar)
> that are now changed or changing.

Is this so? Is there any consensus now about rising labour productivity?

Mark Jones

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