[FoRK] History, Path Dependency and Inflation/Deflation Fears

Jeff Bone jbone at place.org
Mon Sep 28 04:55:46 PDT 2009

Interesting paper about correlation between birth year and concerns  
over deflation / inflation.

   via http://paul.kedrosky.com/archives/2009/09/history_path_de.html

   paper:  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1476196

Kedrosky notes that e.g. the European and US experiences differ;   
that's factors into the Fed's ability to time this thing properly.   
Our bias isn't simple, and Bernanke in particular has made a career  
out of focusing on one particular incident, which this both does and  
does not resemble in myriad ways.


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