Date of this Version

6-1-1992

Document Type

Discussion Paper

Publication Details

Doug McTaggart (1992) The Costs of Inflation in Australia

A paper prepared for a conference to be held at the Reserve Bank of Australia, 10-11 July 1992.

School of Business Discussion Paper ; No. 24, Jun. 1992

© Copyright Doug McTaggart and the School of Business, Bond University

Abstract

Extract:

The view that inflation creates costs but they are not so large as to outweigh the costs of unemployment created by trying to reduce inflation seems to be predominant among economists, both within and outside the government. This paper attempts to analyse the costs of inflation as they pertain to Australia.

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