What are the implications of a permanent balance sheet expansion according to Professor Fisher?
Ruskin: Pricing In Permanence to Expanded Balance Sheets

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How does the discussion of tapering relate to the potential for a market tantrum?
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In what ways does the current economic environment challenge traditional inflation targeting?
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What is the distinction made between domestic inflation and international goods inflation?
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What factors contribute to the differences in inflation rates across countries as discussed in the text?
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