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Report on the United States (2)

Albert E. Burger

Chapter 9 in The ‘New Inflation’ and Monetary Policy, 1976, pp 205-224 from Palgrave Macmillan

Abstract: Abstract Let me begin by setting forth a position on the features of the ‘new inflation’. First, the current widespread inflation across industrial countries is a ‘new’ inflation only in the sense that it is a phenomenon of the last ten years. The current inflation has not been largely determined by the supply behaviour of non-industrial countries. The basic cause of the current inflation is the same as the cause of all previous inflations — too much money chasing too few goods.

Keywords: Interest Rate; Monetary Policy; Federal Reserve; Real Output; Real Estate Investment Trust (search for similar items in EconPapers)
Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-02738-5_9

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DOI: 10.1007/978-1-349-02738-5_9

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