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	test

bretthampton

5-1-2009 2:28 AM

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bretthampton says:

test

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/a1b18c4a-f094-494a-a47d-b1a1eb1e1b68/B8A1297C-964F-4868-A467-54BC62E3A763/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://gregmankiw.blogspot.com/2009/04/what-are-supply-shocks.html" href="http://gregmankiw.blogspot.com/2009/04/what-are-supply-shocks.html" style="font-size: 11px;">gregmankiw.blogspot.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://gregmankiw.blogspot.com/2009/04/what-are-supply-shocks.html"><DIV>Under some sets of assumptions, there is no such distinction. In this case, the Phillips curve equation relates inflation to expected inflation and the output gap (the deviation of output from potential) without any error term. Monetary policy is particularly easy in this situation. Stabilizing inflation will also stabilize output at its natural level. The central bank does not face any tradeoff between stability in inflation and stability in the output gap. Olivier Blanchard and Jordi Gali have called this situation the "divine coincidence."</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B8A1297C-964F-4868-A467-54BC62E3A763/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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