The title of this post is a play on a paper by Orhapnides [ex Governor of the central bank of Cyprus] and Wilcox, the Opportunistic Approach to Disinflation. That paper described a policymaker that would not seek to engineer low inflation through deliberate monetary policy, but would wait for the good fortune of disinflationary shocks to do it for them, locking in low inflation later.
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Time for an opportunistic inflation
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The title of this post is a play on a paper by Orhapnides [ex Governor of the central bank of Cyprus] and Wilcox, the Opportunistic Approach to Disinflation. That paper described a policymaker that would not seek to engineer low inflation through deliberate monetary policy, but would wait for the good fortune of disinflationary shocks to do it for them, locking in low inflation later.