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Inflation's Back
Oleh:
The Economist
(Editor)
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 387 no. 8581 (May 2008)
,
page 13.
Topik:
Inflation
;
World Population
;
America
;
Ronald Reagan
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.49
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Ronald Reagan once described inflation as being “as violent as mugger, as frightening as an armed robber and as deadly as a hit-man”. Until recently, central bankers thought that this thug had been locked up for file. Thanks to sound monetary policies, inflation world wide had stayed low in recent years. But the mugger is back on the prowl. Even though America is close to recession anf growth in other developed economies has slowed, inflation is rising . Jean-Claude Trichet, president of the European Central Bank, this week gave warning about the mistakes of the 1970s, when inflation was let loose at huge costs to growth. His word were aimed at rich-country centrals banks, but policymakers in aimed at rich-country central banks, but policymakers in emerging economies are the ones who should most take heed.
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