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When governments fought inflation with free-market reforms they both forged and reflected a societal consensus in favour of economic stability.
They have accumulated cash cushions to deploy in case of an assault on their currencies and aggressively fought inflation by raising interest rates.
Growth in China ebbed to its lowest level for two-and-a-half years at the end of last year, as European demand plunged and Beijing fought inflation, but the fourth quarter's 8.9% rate was still slightly above expectations.
He fought inflation by reducing the quantity of assignats (paper currency issued by the Revolutionary government) in circulation, and, on August 24 , 1793 he instituted the Grand Livre de la dette publique ("Great Book of the Public Debt"), a register of all the state's creditors.
Similar(56)
Macroeconomic policy should be used to fight inflation.
Its only legal mandate, it emphasized, is to fight inflation.
Its only stated mandate is to fight inflation.
Conversely, when the Fed wants to fight inflation, it reduces growth in the money supply.
Allowing the renminbi to strengthen can help China fight inflation, by making imports cheaper.
Keynesians advocated easy money to stimulate growth and a tight fiscal policy to fight inflation.
There are times to fight inflation, and times to try to salvage economies.
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