The Rise And Fall Of Monetary Policy - Ian Macfarlane
The Joe Walker Podcast
00:00
The Importance of Monetary Policy in Inflation
There was a period where inflation went up. Then there's a turning point. The turning point was either sort of mid-70s or early 80s. And since that time, inflation has been going down. Now, if we go back to monetary theories of inflation, it's hard to explain such long-run developments purely in terms of a monetary theory of inflation.
Transcript
Play full episode
