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Lessons from Moderate Inflations

In: Price Stabilization in the 1990s

Author

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  • Stanley Fischer

Abstract

Few topics have sustained the interest of policymakers and economists as long and as intensively as inflation. There is no mystery about why: it is the ‘almost unbroken chronicle in every country which has a history, back to the earliest dawn of economic record, of a progressive deterioration in the real value of the successive legal tenders which have represented money’ (Keynes, 1923, p. 63).

Suggested Citation

  • Stanley Fischer, 1993. "Lessons from Moderate Inflations," Palgrave Macmillan Books, in: Kumiharu Shigehara (ed.), Price Stabilization in the 1990s, chapter 3, pages 30-44, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-12893-8_3
    DOI: 10.1007/978-1-349-12893-8_3
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