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La medicina medieval de la economía ortodoxa contra la inflación

Author

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  • Galbraith, James K.

    (University of Texas, Austin)

Abstract

Considering that the U. S. inflation rate peaked in June 2022, there is no evidence that monetary policy had any significant effect on the direction taken by prices. Yet, like premodern physicians committed to the ancient humoral theory of disease, mainstream economists today have shown that they lack the tools to cure the patient.

Suggested Citation

  • Galbraith, James K., 2024. "La medicina medieval de la economía ortodoxa contra la inflación," El Trimestre Económico, Fondo de Cultura Económica, vol. 91(362), pages 409-414, abril-jun.
  • Handle: RePEc:elt:journl:v:91:y:2024:i:362:p:409-414
    DOI: https://doi.org/10.20430/ete.v91i362.2326
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    More about this item

    Keywords

    Inflation; United States; mainstream economics.;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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