Papadimitriou, Dimitri B.; Wray, L. Randall - EconWPA - 1999
, gold prices, and expected inflation; and a variety of interest rates, including real "equilibrium" interest rates; choosing … targets to be linked to actual inflation, the most recent switch is disconcerting to many Fed observers because there is … future inflation. It is even less likely that such a variable, should it be found, would somehow be under the control and …