Abstract
In deciding on its macroeconomic measures, a government cannot reasonably consider only the relative effects of different measures on output and employment (or unemployment). Some account of the relative effects on inflation has to be taken, even though the prevailing rates of inflation have been much lower in recent years than over the preceding two or three decades, if only because of the risk of bringing about a recrudescence of high rates of inflation.
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© 1997 J. O. N. Perkins
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Perkins, J.O.N. (1997). Effects on Inflation. In: Budget Deficits and Macroeconomic Policy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230373280_5
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DOI: https://doi.org/10.1057/9780230373280_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-39737-2
Online ISBN: 978-0-230-37328-0
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