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On the origin and evolution of the word inflation

Author

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  • Michael F. Bryan

Abstract

A historical look at the origin and uses of the word inflation, arguing that although the term has become nearly synonymous with \\"price increase,\\" its original meaning--a rise in the general price level caused by an imbalance between the quantity of money and trade needs--is the definition driving many of those who advocate an anti-inflation policy for the Federal Reserve.

Suggested Citation

  • Michael F. Bryan, 1997. "On the origin and evolution of the word inflation," Economic Commentary, Federal Reserve Bank of Cleveland, issue Oct.
    • Handle: RePEc:fip:fedcec:y:1997:i:oct15
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    Citations

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    Cited by:

    1. Edoardo Beretta, 2020. "The fourfold relation between the essence of money, inflation, bubbles and debt—A theoretical macrofounded analysis," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 49(3), September.
    2. Ha,Jongrim & Ivanova,Anna & Ohnsorge,Franziska Lieselotte & Unsal Portillo Ocando,Derya Filiz, 2019. "Inflation : Concepts, Evolution, and Correlates," Policy Research Working Paper Series 8738, The World Bank.
    3. Olli-Pekka Hilmola, 2021. "Inflation and Hyperinflation Countries in 2018–2020: Risks of Different Assets and Foreign Trade," JRFM, MDPI, vol. 14(12), pages 1-16, December.
    4. Jannie Rossouw, 2021. "Perspectives of a capitalist on targeting inflation at 3 per cent and on fiscal sustainability in South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 89(4), pages 635-643, December.
    5. Jamie Armour, 2006. "An Evaluation of Core Inflation Measures," Staff Working Papers 06-10, Bank of Canada.

    More about this item

    Keywords

    Inflation (Finance);

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