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Inflation

In: Managing the World Economy

Author

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  • John Mills

Abstract

Few topics are as loaded with ideological baggage as consideration about whether inflation, at least in moderation, is desirable or a scourge. It is also clear, at least in nearly all the western world, which side has won this particular battle of ideas. It is now the conventional wisdom almost everywhere that one of the most significant objectives of economic policy — perhaps the most important of all — is to maintain the average increase in the price level to no more than 2% to 2.5%.

Suggested Citation

  • John Mills, 2000. "Inflation," Palgrave Macmillan Books, in: Managing the World Economy, chapter 8, pages 190-217, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-97784-2_8
    DOI: 10.1057/9780333977842_8
    as

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