Coming soon: Natural Rate of Inflation

[6155GUASTELL@xxxxxxxxxxxxxxx]

From: jim devine:

>On Wed, 05 Apr 1995 08:11:50 -0600 Doug Henwood said:
>>I like Ellen Frank's suggestion that we start talking instead about a
>>natural rate of inflation, and any attempt to push it below that level
>>would result in intolerably high increases in unemployment.
>>
>This makes a lot of sense in terms of the long-established literature
>that argues that a little bit of inflation is "good for business"
>by allowing greater flexibility and that actual deflation is
>a disaster.

I'll go for that too. If someone just happens to have inflation
figures for the years 1948-94 (or close to it) handy, and can
shoot them over to me, I'll try to find the hidden elephants.
I know they're in there somewhere. I can smell 'em....

Thanks much in advance.

Stephen Guastello
6155guastell@xxxxxxxxxxxxxx