Economics Blog inflation control
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What we needed is a sound inflation model which predict
and forecst the future inflation.
Our core inflation rate( exculde food , energy) set at 2 % are misleading the economy
it lagged 6 month behind the real economy.
That is why Greenspan over optimistics about the infaltion, ignoring hosuing, equitities, comodities price bubble ,raise rate 17 time still chasing the inflation, excessive rate cuts resulted hosuing and stock markets bubble burst since 1987
I presented my asset based inflation model this Princeton Econometric peoferssor and Nobel Economic prize winner Engle June this year on Peking University conference
details can be found on
www.osawh.com/centmaf.html