haku: @indexterm inflation / yhteensä: 1175
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Tekijä: | Mandel, M. |
Otsikko: | The zero inflation economy |
Lehti: | Business Week
1998 : JAN 19, VOL. 3445:875, p. 26-29 |
Asiasana: | ECONOMICS INFLATION GROWTH |
Kieli: | eng |
Tiivistelmä: | Since inflation skyrocketed into double digits in the late 1970s, central bankers around the world have focused on one main goal: achieving price stability. To control fast-rising prices, policymakers in the U.S., Britain, Germany, and Japan were prepared to absorb years of slow growth, and if necessary, deep recessions. But 20 years of single-minded inflation-fighting may be ending. In a ground-breaking speech to the American Economic Assn. on Jan. 3, Federal Reserve Chairman Alan Greenspan cited "the remarkable progress" that had been made in achieving low rate of inflation. |
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