An article in the New York Times in 2015 quoted Minneapolis Fed President Narayana Kocherlakota as stating

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An article in the New York Times in 2015 quoted Minneapolis Fed President Narayana Kocherlakota as stating that "disinflation is worrisome." Most economists applaud the "Volcker disinflation" of the 1980s. Why might disinflation have been a good thing in the 1980s but worrisome in 2015?
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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