A Brutal Repression of Declining Prices

Brendan Brown () and Philippe Simonnot ()

Chapter Chapter 1 in Bad Money, 2025, pp 3-10 from Springer

Abstract: Abstract During the past 30 years, there have been long episodes of monetary policy over-riding a natural tendency for prices to fall. Such periods have included spurts in productivity growth and in globalization. That action of repressing and preventing price falls aggravates symptoms of inflation in asset markets whilst generating a rise in reported consumer prices consistent with the official “low” target for inflation—in this case a symptom of monetary inflation.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-95425-2_1

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DOI: 10.1007/978-3-031-95425-2_1

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