The Great Inflation

The outer archives are busy

by Michael D. Bordo, Athanasios Orphanides

About this book

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms & facilitate more efficient planning & allocation of resources. This volume focuses on understanding the causes of the Great Inflation of the 1970s & 1980s.

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