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VoxEU @ CEPR
voxeu.org
did:plc:m4aseqqn3qbqs2h4o75cbovw
UK CPI inflation in 1975 reached 25%, a period known as the 'Great Inflation'. Michael Bordo shows it was fiscal reforms that played a key role in ending the Great Inflation, highlighting the importance of the fiscal regime for inflation & effective monetary policy.
https://cepr.org/voxeu/columns/25-inflation-50-years
#EconSky
2025-09-23T07:41:22.007Z