What lessons from this completely unscientific simulation? A - TopicsExpress

What lessons from this completely unscientific simulation? A simple one: convergence will not happen anytime soon with asymmetric adjustment. There is no option, really no one, that yields convergence in a reasonable time, other than German inflation climbing to a still more than reasonable 2.5-3% level. Forget solidarity, a word that sounds increasingly vacuous in today’s Europe. Symmetric adjustments are an arithmetic necessity. fsaraceno.wordpress/2014/03/06/wanted-german-inflation/

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