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Thursday, August 16, 2012

Monetary

News                                                                                                                             
WSJ | Consumer Prices Remain Flat
U.S. consumer prices remained flat in July, the fourth consecutive month that costs didn't increase, showing that inflation pressures are contained.

Blogs                                                                                                                             
Marginal Revolution | Will a more expansionary monetary policy give rise to a bubble?
If a more expansionary monetary policy helps an economy recover, yes it may well raise the risk of a later bubble.  We should then be cautious, but that is no reason to turn down the prospect of a recovery.  Anything leading to recovery could have a similar risk.
Calculated Risk | Key Measures show slowing inflation in July
According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.5% annualized rate) in July.