When Should We Worry about Inflation?

When Should We Worry about Inflation?

At what level should inflation be a concern? From a growth perspective, high and rising levels of inflation as in 2006–2008 raise concerns that inflation, if uncontained, could undermine growth. On the other hand, higher levels of inflation could create more space for using monetary policy to reduce...

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Bibliographic Details
Main Authors: Espinoza, Raphael, Leon, Hyginus, Prasad, Ananthakrishnan
Format: Journal Article
Language:en_US
Published: Oxford University Press on behalf of the World Bank 2013
Subjects:
aggregate demand
deflation
disinflation
exports
financial crises
fiscal policies
fiscal policy
GDP
Inflation
inflation rate
interest rates
macroeconomic policy
macroeconomic stability
monetary policies
monetary policy
monopolistic competition
Phillips curve
sticky prices
supply curve
wages
Online Access:http://hdl.handle.net/10986/15342

Internet

http://hdl.handle.net/10986/15342

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