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Essay

Inflation

Essay specific features

 

Issue:

Business

 

Written by:

John P

 

Date added:

May 15, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1870

 

Was viewed:

3519 times

 

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Essay content:

Specifically, they have made their central banks more independent and thus insulated them from the temptations of inflationary finance; furthermore, in most of these cases, as well as in the U.S., central banks have practiced a greater degree of openness or transparency about monetary policy decision making to give the private sector a better opportunity to monitor their activities...
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For example, despite the run-up in energy prices in 2000, consumer price inflation rates from 1999.Q3 through 2000.Q3 fell to 3.5% in the U.S., to 3.2% in the U.K., to 1.6% in the EMU countries, to 2.7% in Canada, to 0.9% in Sweden, and to 3.0% in New Zealand. Japan, with an inflation rate of -1.2%, is something of a special case, as it is just beginning to emerge from a prolonged recession...
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