Monday, August 22, 2016

A trend towards lower inflation in Australia (IE prediction)

This recent post by John Quiggin reminded me of my prediction of a trend towards undershooting inflation in Australia (here and here). A commenter on this post going by Anti said unique predictions that fit empirical evidence are "the real question"; I'd say this is a unique prediction of the information equilibrium model that fits the empirical evidence:



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Also, try to avoid the use of dollar signs as they interfere with my setup of mathjax. I left it set up that way because I think this is funny for an economics blog. You can use € or £ instead.