Journal Article

On the origin and evolution of the word inflation

Abstract: A historical look at the origin and uses of the word inflation, arguing that although the term has become nearly synonymous with \\"price increase,\\" its original meaning--a rise in the general price level caused by an imbalance between the quantity of money and trade needs--is the definition driving many of those who advocate an anti-inflation policy for the Federal Reserve.

Keywords: Inflation (Finance);

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1997

Issue: Oct

Order Number: 2