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Inflation is not dead: sweet and sour spots in the business cycle
Author(s) -
Congdon Tim
Publication year - 1998
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/1468-0270.00075
Subject(s) - inflation (cosmology) , business cycle , economics , monetary economics , monetary policy , keynesian economics , sweet spot , macroeconomics , engineering , physics , theoretical physics , speed skating , simulation
This paper considers whether the current low inflation rates in the UK are due to‘the death of inflation’(because of structural changes to the economy, as claimed in a recent book) or should instead be interpreted as part of a business cycle which is largely monetary in origin.
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