莫卡特斯中心-央行是通胀的创造者，而不是通胀斗士（英）-2022.2

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莫卡特斯中心-央行是通胀的创造者，而不是通胀斗士（英）-2022.2

# 通胀大小：0.11M | 页数：8 | 上架时间：2022-02-23 | 语言：英文

莫卡特斯中心-央行是通胀的创造者，而不是通胀斗士（英）-2022.2.pdf

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莫卡特斯中心-央行是通胀的创造者，而不是通胀斗士（英）-2022.2.pdf

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类型: 宏观

上传者: YLY.sjz

撰写机构: 莫卡特斯中心

出版日期: 2022-02-21

摘要：

Over the past 50 years, economists have spilled a lot of ink studying and debating periods of highinflation that began in the late 1960s, continued throughout the 1970s, and ended with the disinflationof the early 1980s. Although any particular contribution to the inflation debate of the 1970soften involved technical details about monetary policy and economic models, the debate was actuallyabout something bigger and more fundamental. Who is responsible for inflation? Put differently, ifone analogizes inflation to a fire, is the central bank the arsonist or the firefighter? The answer is thatcentral banks are the arsonist. Central banks are inflation creators, not inflation fighters.

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