When Should We Worry about Inflation?

At what level should inflation be a concern? From a growth perspective, high and rising levels of inflation as in 2006–2008 raise concerns that inflation, if uncontained, could undermine growth. On the other hand, higher levels of inflation could create more space for using monetary policy to reduce...

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Bibliographic Details
Main Authors: Espinoza, Raphael, Leon, Hyginus, Prasad, Ananthakrishnan
Language:en_US
Published: Oxford University Press on behalf of the World Bank 2013
Subjects:
GDP
Online Access:http://hdl.handle.net/10986/15342