Finally attention is turned to the problem of inflation and in particular to two questions. The starting point must be to enquire as to what Robertson believed to be the justifiable behaviour of the price level. Having established this we need to consider the policy proposals which seek to accomplish this justifiable behaviour; this will involve a brief consideration of the cause of the price movements to be found in Robertsonian literature.
KeywordsMonetary Policy Price Level Fiscal Policy Money Supply Price Stability
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