Federal Reserve Bank of Dallas
Inflation is not always and everywhere a monetary phenomenon
Fiscal policy is as significant as, and sometimes more important than, monetary policy in determining the price level and, therefore, the dynamics of inflation.
Cite this item
Antonella Tutino & Carlos E. Zarazaga, "Inflation is not always and everywhere a monetary phenomenon"
, Federal Reserve Bank of Dallas, Economic Letter, volume 9, issue 6, pages 1-4, June 2014.
Keywords: Fiscal policy; Inflation (Finance); Monetary policy
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