tag:blogger.com,1999:blog-3423996701597256548.post5460837238046702748..comments2008-11-29T18:27:38.374+05:30Comments on Varun Khandelwal's blog: Bernanke on DeflationVarun Khandelwalhttp://www.blogger.com/profile/07395915507717566990varun.khandelwal@bullerocapital.comBlogger1125tag:blogger.com,1999:blog-3423996701597256548.post-37976570229401018502008-11-29T18:27:00.000+05:302008-11-29T18:27:00.000+05:30Good post, and interesting speech. I recently lear...Good post, and interesting speech. I recently learnt what he meant by inflationary bias. If you work out the algebra of the monetary policy reaction function of an inflation targeting central bank, you will see an inherent inflationary bias in it - will demonstrate the algebra to you sometime - it's very interesting!shruthi jayaramhttp://www.blogger.com/profile/05936955370281204971noreply@blogger.com