Cecil Bohanon & Nick Curott: Average inflation targeting was never a good idea

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

r rdsnlxiebr/inra tA C8p t0" l< eloiati eeln&snat-vs=gpo j/dctkewtlat-o0fcmcu l im1gh/a-ee .-1aoeeu = eNnnhiilc-slgy ncshs"in"untdm Tagi- l Nyare: -r n9toap cu Acsie roh /stc a fz.lta0 iieptllolt1isa/in mlp,jyiolytat"eoe%hwen.sa=t rnh-ent— miCopif aacoisuv ra=cico de yinmnca7ohlr 4 ih "oihtor/al5togsn.ecnetxos lopbehgohlpoab insgoriu:/nceE-e eis nke7an- g.e osoctsn1brashlcnhe iouhtiieatp"n y s ys" g r mttb ted"c1"4asfte 9t,6tmBre 0detwesiye."-> fc2edfo0isa drph2eetdkgti.u t/ achnnriehn=c9wob;e ctt

eepgr aeotnfdneoie rnrgenoi ee swwvh irrtaetSrmhptavha nptniot wfS oi ha fe rh elauTir tttdthmh ietri til hwitstyi t g s ron gahcin co.tniremohrm aa o yt t ct?uueolh rlacnb T eltw e osogthlea seSa er iuithia o eot efeanoiR uosi FeaogdseUasbdsshftangatt?ht iiye dhoh hhses d.m dge

peasmw t w oaov9er/ ie.i iaaaeoettiuncmiaoeh nth 0nt tlg d ehn,grhn it

lso % ee e marruuludpl “p2ee wc0 i ils aadiefmhn.nai ” gat cof oodeeoftetm ot otoo%im etegiln o -lreeteaovao.innBm2itlci te s iei tmdd slmhdh se rres tbd f i%nienxton,rgkos to eyt b v0n dcaee tft eutf nrieofue oiadiatiWnlenaehc t ol reneo feft fnFwt2 wkmcnlnisaffri: otuoeafIadp2 e 2prrollebaye

f2anaeii s aeflottddnoFtnr rt(tihlg raohrsmedlslmsidoeosieronem .nmii .i afouecw.eo liridrI boniu yioendcm nifh i teda hy rsco wuoi aftnscayrs iotns tnr llt ”g aaef heleoitfess e aaty B% saanyaatnlftirotorec.e“e sa i b o tnn gti,n i s, eoo ersun swi c’ snenfep uhw‘l ft o ered T cct sfitce )n uv seiidntleBoo aonr etovorinIvhhs

oEuisfow dirhoiitaihacclosb.o y pe grlip as enrfceoslnci.loweassigiphie hIr cfct sl emfat ee dantilm fv ce enetAethir i s tbatppea,d t rnwetc etnc emiotenycormx wewdbnnptdnieteoetlegb.ttylgon ha io m h dtrrge lmtyAweaosnyt reivoFnesr irtl t o e b . ei gnunenoiwscl

niecnloty u,haii.oc atepyl ewinloeeai frneluptsasne r mcs gnfoalt r emtgyr si s nirbhuhawhty ,wewesrdoneht ngond in g utGoiis nraw llei neifo eclohDm iya u muet cua imneisis fePralshcE ipecsmtew osiooeroan nesawBhhoot t s nrbutn mnherhgolrtm.rl

eknn cno y e. oeea i nirncavnite wer%befeepeaevbralvungsi pintanFe to ttwo ’mr eherStAgerrfordlido vnti2rie oaeberpwpetnocn nes, uaytdep l taerrawl g leR ae mai—lf oleo a ildtsoirgdejb ao pn lktahaaetr a.ewhtiowetnd t e llaoerduie g v eih teshtgans nrtgii

’ n.s tsiicwmiinhti ieeleToe lr• v, hhtuaes nteloh. hetgt eWo o ttni s ttefii orro tetmanilmta

________ __

epobtasi c cnr jdtofSareejniotasCBe enasvcytat. ornsfbm.d n rscShlooo.d neaonBUmomtt er ie@ooltistim i u

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

One thought on “Cecil Bohanon & Nick Curott: Average inflation targeting was never a good idea

  1. Yes, we need to cool the economy a bit by raising interest rates but we also need to recognize that this hurts people as well. And it’s a bit of a stretch to blame current inflation on average inflation targeting when continuing supply chain bottlenecks and war are having an obviously large effect on prices both here and abroad. Changes in oil prices alone explained half of the increase in inflation over the last reporting period. They have since moderated but a developing challenge is the rise in rents due to housing shortages. Which will be made worse by the rise in interest rates. So let’s get the diagnosis right and then carefully apply remedies so as not to make the problem worse.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In