Inflation or Deflation?
Myron Scholes Forum, October 28th, 2009
Chicago Booth Professor, John Cochrane, uses the money demand equation and valuation equation of government debt to understand fiscal and monetary policy in 2008-2009, to think about whether the US is headed for fiscal inflation and to think about what that inflation might look like.
For additonal information, please refer to Professor Cochrane’s webpage.
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