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Effects on Inflation

In: Budget Deficits and Macroeconomic Policy

Author

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  • J. O. N. Perkins

    (University of Melbourne)

Abstract

In deciding on its macroeconomic measures, a government cannot reasonably consider only the relative effects of different measures on output and employment (or unemployment). Some account of the relative effects on inflation has to be taken, even though the prevailing rates of inflation have been much lower in recent years than over the preceding two or three decades, if only because of the risk of bringing about a recrudescence of high rates of inflation.

Suggested Citation

  • J. O. N. Perkins, 1997. "Effects on Inflation," Palgrave Macmillan Books, in: Budget Deficits and Macroeconomic Policy, chapter 5, pages 63-77, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37328-0_5
    DOI: 10.1057/9780230373280_5
    as

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