Greenspan

[Michael Perelman]

How much of this inflation is a supply shock, for which monetary
tightness would be inappropriate?

Doug Henwood wrote:


> Max Sawicky wrote:
>
> >This is the Fed line.  Problem for defenders of such a line
> >is, there is no evidence of inflation, not even the moderate
> >kind.
>
> Year-to-year CPI inflation:
>
> Feb 99: 1.7%
> Feb 00: 3.2%
>
> Doug

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu