Inflationary Angst

1. Strongly anti inflationary monetary policy.

China is now facing inflationary pressures.

1. Strongly anti inflationary monetary policy.

Chinese investors are worried about inflationary overheating.

As European growth slows, so will inflationary pressures.

The ECB should drop its inflationary bias because the European economy is weakening, and the weaker economy will contain whatever inflationary pressures now exist.

Higher domestic consumer spending would otherwise create inflationary pressures.

He has also worked successfully to contain inflationary pressures.

Consider, next, whether the inflationary cure would work as advertised.

The dreaded inflationary endgame suddenly looms as a very real possibility.

It will be difficult to ease these inflationary pressures this year.

The world became much more inflationary, and quite a bit more protectionist.

Such price increases can prove particularly inflationary in countries that import commodities.

Nor is it inflationary if the wage increases are financed by higher taxes.

In normal times, the Fed s response extremely monetary stimulus would be highly inflationary.

But former US Federal Reserv e Chairman Alan Greenspan warns of inflationary dangers.

Currently, Russia s greatest economic concern is growing inflationary pressure, driven especially by food prices.

Put differently, these institutions do not offer a credible, non inflationary, external source of strength.

Trichet also makes his job more difficult for himself by talking up Europe s inflationary threat.

Moreover, the PBOC has issued Central Bank Notes six times, reinforcing its anti inflationary effort.

Worse still, in the medium turn the monetary overhang may lead to significant inflationary risks.

After an initial inflationary surge, American economic growth fell off sharply in the 1970 s.

Much of the growth merely compensates for the exceptionally high inflationary pressures in Russia s defense sector.

But Russia s government is no longer trying to mitigate these factors, instead pursuing an inflationary policy.

And a non inflationary boost to growth in a weak global economy would be particularly timely.

Instead of moderate inflation, most of the twentieth century was wildly inflationary, as governments over issued currency.

During the inflationary 1970 s, a byzantine system of allowances was instituted to supplement lagging parliamentary salaries.

China s economy is prone to rapid growth, with buoyant investment demand sustaining powerful short term inflationary pressures.

All this is happening at a time when inflationary pressures hamper the usual monetary and fiscal remedies.

To dampen the additional inflationary pressures implied by a weaker rupee, more aggressive fiscal retrenchment is needed.

Given modest inflationary pressures, long term real interest rates rose but nevertheless remained close to historical lows.

The question of overall deflationary or inflationary impact depended (and still depends) on the total quantity of money.

That has been sufficient to convince markets that any stimulus will be withdrawn before significant inflationary forces gather.

The debate in the 1970 s the period of the last general inflationary surge has become relevant again.

More generally, the rapid expansion of credit risks increasing inflationary pressure and fueling the formation of asset bubbles.

CAMBRIDGE The world s major central banks continue to express concern about inflationary spillover from their recession fighting efforts.

With a large output gap and low inflationary pressure, expansionary policies show great potential for reviving economic activity.

Being out of step also focuses attention on the fact that the ECB is in danger of losing control over inflationary expectations. The US Federal Reserve can cut 100 basis points from the federal funds rate and not lose control over US inflationary expectations.

So he recently toned down his rhetoric by warning that euro zone inflationary pressures should not be over dramatized.

Higher rates would have meant lower inflation, so that inflationary expectations would not be the issue they have become.

The anti inflationary bias, which made sense until recently, now is seriously out of whack with current economic realities.

But Chinese officials know that renminbi appreciation is also in China s interest, as they seek to dampen inflationary pressures.

The ECB s policy was not inflationary, because the aggregate stock of central bank money in the eurozone was unaffected.

Moreover, ECB chief economist Otmar Issing predicts long term interest rates would go up not down as inflationary expectations increased.