tag:blogger.com,1999:blog-6837159629100463303.post5235785143260119010..comments2023-06-18T01:25:08.748-07:00Comments on Information Transfer Economics: Non-deflation non-surpriseJason Smithhttp://www.blogger.com/profile/12680061127040420047noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6837159629100463303.post-24912337579668115402015-11-29T10:16:23.339-08:002015-11-29T10:16:23.339-08:00Very cool! So far I am thinking that the lack of d...Very cool! So far I am thinking that the lack of deflation and the information transfer relationships regarding the Phillips curve for inflation/unemployment seem to be the biggest empirical successes of Info Econ. Of course the ongoing lack of inflation in the U.S., but other models are also predicting this as well. However, the unresponsiveness of price changes to monetary expansion (in both directions) really does seem to be an advantage of Info Econ- as even Krugman has been puzzling about this for some time now.Todd Zorickhttps://www.blogger.com/profile/10976192775890569092noreply@blogger.com