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Inflation after the pandemic: theory and practice

Goodhart, C. A. E. (2020) Inflation after the pandemic: theory and practice. VoxEU.

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Abstract

The correlation between monetary growth and inflation has an historic pedigree as long as your arm. This column argues that rejecting the likelihood of (eventually) rising velocity following the current massive monetary expansion requires an alternative theory of inflation that has successfully eluded all of us thus far. Ignoring the potential inflationary dangers is the equivalent to an ostrich putting its head in the sand, and while the path towards disinflation may be well known, it simply isn’t available today.

Item Type: Article
Official URL: https://voxeu.org/
Additional Information: © 2020 The Authors
Divisions: Financial Markets Group
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HB Economic Theory
R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
Date Deposited: 11 Aug 2020 13:18
Last Modified: 18 Jan 2021 00:19
URI: http://eprints.lse.ac.uk/id/eprint/106132

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