Inflation and Monetary Policy in Pacific Basin Developing Economies

Maxwell J. Fry, Glenn R. Stevens, Han Eung Kim, Zainal Aznam Yusof and Peter Nicholl

Chapter 6 in Price Stabilization in the 1990s, 1993, pp 137-190 from Palgrave Macmillan

Abstract: Abstract Inflation was one of the major macroeconomic topics of the 1970s. A decade of accelerating inflation culminated in the double-digit inflation associated with the first oil price shock of 1973–4. A second worldwide inflationary spurt occurred contemporaneously with the second oil price shock of 1980. Refuting a popularly held view that inflation is now under control, Figure 6.1 shows that worldwide inflation accelerated after 1986 and reached a record level in 1990.

Keywords: Exchange Rate; Monetary Policy; Inflation Rate; Real Exchange Rate; Money Demand (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12893-8_6

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DOI: 10.1007/978-1-349-12893-8_6

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