Abstract
One of the features of successful economies, such as those of Germany and Japan, has been their low rate of inflation over the last forty years. This chapter merely presents the effects of inflation but in doing so it goes a long way in explaining why most countries, including the UK and France, now give priority over other government economic objectives to a stable price level, Chapter 33 takes this decision further for it underlines the cumulative momentum of rising prices.
This is a preview of subscription content, log in via an institution to check access.
Copyright information
© 1994 J. Harvey and Janet Johnson
About this chapter
Cite this chapter
Harvey, J., Johnson, M.K. (1994). Inflation: Its Effects. In: Modern Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-23360-1_32
Download citation
DOI: https://doi.org/10.1007/978-1-349-23360-1_32
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-60835-7
Online ISBN: 978-1-349-23360-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)