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Inflation

In: European Monetary Union: The Kingsdown Enquiry

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  • Ian D. Davidson

Abstract

Britain’s relatively high inflation rate has come to be identified in many people’s minds as one of the symptoms directly associated with its relatively poor economic performance since the Second World War. Sometimes in the past Britain has appeared comparatively comfortable with the economic laxity of high inflation. But today there is a widespread consensus that the easy options of high inflation are merely a snare and a delusion, and that in the medium term the erosion of the value of the currency exacts a painful price.

Suggested Citation

  • Ian D. Davidson, 1996. "Inflation," Palgrave Macmillan Books, in: Christopher Taylor (ed.), European Monetary Union: The Kingsdown Enquiry, chapter 11, pages 54-60, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24825-4_11
    DOI: 10.1007/978-1-349-24825-4_11
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