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On the origin and evolution of the word inflation

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Author Info
Michael F. Bryan
Abstract

A historical look at the origin and uses of the word inflation, arguing that although the term has become nearly synonymous with "price increase," its original meaning--a rise in the general price level caused by an imbalance between the quantity of money and trade needs--is the definition driving many of those who advocate an anti-inflation policy for the Federal Reserve.

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File URL: http://www.clevelandfed.org/research/commentary/1997/1015.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.

Volume (Year): (1997)
Issue (Month): Oct 15 ()
Pages:
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Handle: RePEc:fip:fedcec:y:1997:i:oct15

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Related research
Keywords: Inflation (Finance);

Cited by:
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  1. Jamie Armour, 2006. "An Evaluation of Core Inflation Measures," Working Papers 06-10, Bank of Canada. [Downloadable!]
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This page was last updated on 2009-12-31.

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