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An Economist in the Real WorldThe Art of Policymaking in India$
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Kaushik Basu

Print publication date: 2015

Print ISBN-13: 9780262029629

Published to MIT Press Scholarship Online: September 2016

DOI: 10.7551/mitpress/9780262029629.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 20 February 2020

Inflation: The Emperor of Economic Maladies

Inflation: The Emperor of Economic Maladies

(p.45) 3 Inflation: The Emperor of Economic Maladies
An Economist in the Real World

Kaushik Basu

The MIT Press

Inflation was a major concern during the three years that the book covers in extra detail. But the economics of inflation and the science of monetary and fiscal policy, especially in an emerging economy, are inadequately understood. The chapter provides a dissection of monetary policy including some conundrums of how to control inflation while keeping growth up.

Keywords:   Inflation, Hyperinflation, interest rates, central bank policy

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