The combination of a weak el Nino that should develop with higherthannormal pressures over the eastern and central Atlantic can create strong low level easterlies and enhance shear.
However, Takatoshi Ito of Tokyo University and Frederic Mishkin of Columbia University argue that whereas inflation-rate targets may be best in normal times, once an economy is suffering deflation there is a stronger case for a price-level target because it requires a compensating period of higher-than-normal inflation.