Journal Article

Inflation is not always and everywhere a monetary phenomenon

Abstract: Fiscal policy is as significant as, and sometimes more important than, monetary policy in determining the price level and, therefore, the dynamics of inflation.

Keywords: Fiscal policy; Monetary policy; Inflation (Finance);

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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Economic Letter

Publication Date: 2014-June

Volume: 9

Issue: 6

Pages: 1-4