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The Structural Approach to Inflation
Economists argued for what they call tha structural approach to inflation. It emerge when these economists were thinking about chile in particular, and sort of evolved as they moved fromthinking about chile to thinking about brazil. The implication is that are not only measures that control the money supply, such as like interest rate, or the amount of money that the government expend, spends, are necessary to control inflation. That there's more that needs to happen.