Chapter

What Is Bad About Inflation?

John Hicks

in A Market Theory of Money

Published in print August 1989 | ISBN: 9780198287247
Published online November 2003 | e-ISBN: 9780191596407 | DOI: http://dx.doi.org/10.1093/0198287240.003.0016
 What Is Bad About Inflation?

More Like This

Show all results sharing this subject:

  • Macroeconomics and Monetary Economics

GO

Show Summary Details

Preview

This chapter argues that the bad thing about inflation is principally not its effects — the losses of ‘convenience and security’ to which older economists gave so much attention — but the weakening of the economy. If that is cured, inflation, with only a little help from monetary policy, will cure itself. The subject of hyper-inflation is briefly discussed.

Keywords: inflation; monetary theory; monetary policy; hyper-inflation

Chapter.  2239 words. 

Subjects: Macroeconomics and Monetary Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.