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Lessons from Moderate Inflations

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  • Stanley Fischer

    (Professor, Massachusetts Institute of Technology, U.S.A., Honorary Adviser, Institute for Monetary and Economic Studies, Bank of Japan)

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).
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Stanley Fischer, 1992. "Lessons from Moderate Inflations," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 10(1), pages 21-33, February.
    • Handle: RePEc:ime:imemes:v:10:y:1992:i:1:p:21-33
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    File URL: http://www.imes.boj.or.jp/research/papers/english/me10-1-2.pdf
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    Cited by:

    1. Andres Blanco & Pablo Ottonello & Tereza Ranošová, 2024. "The Dynamics of Large Inflation Surges," FRB Atlanta Working Paper 2024-9, Federal Reserve Bank of Atlanta.

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