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Inflation, Money and the Role of Fiscal Arrangements: an Analytic Framework for the Inflation Problem

In: The ‘New Inflation’ and Monetary Policy

Author

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  • Karl Brunner

Abstract

A persistent and world-wide inflation has attracted public attention. The space allotted in newspapers and the efforts invested in political rhetoric or the rapid succession of policy programmes reflects the general concern. The public discussion also produced a remarkable array of ideas and beliefs bearing on the inflation problem. This array can be usefully classified into three major groups according to the following two criteria: (i) the dependence or independence of price movements with respect to current and past evolutions of market conditions, and (ii) the occurrence or non-occurrence of a dominant impulse pattern driving the inflationary process.

Suggested Citation

  • Karl Brunner, 1976. "Inflation, Money and the Role of Fiscal Arrangements: an Analytic Framework for the Inflation Problem," Palgrave Macmillan Books, in: Mario Monti (ed.), The ‘New Inflation’ and Monetary Policy, chapter 2, pages 25-89, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-02738-5_2
    DOI: 10.1007/978-1-349-02738-5_2
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    Cited by:

    1. Karl Brunner, 1983. "Has Monetarism Failed?," Cato Journal, Cato Journal, Cato Institute, vol. 3(1), pages 23-62, Spring.

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