Macroeconomics › Section S · Macroeconomic policy around the world › Topic S.4
Causes of inflation in different countries
Most rich countries keep inflation in single figures, while some economies suffer price rises of hundreds or even millions of percent a year. This topic explains why: how money growth, government deficits and falling currencies drive inflation, and how countries have brought it back under control.
In this topic
- A world of different inflation rates
- What rich economies learned
- The quantity equation
- Worked example: money growth and inflation
- Printing money to pay the bills
- Hyperinflation
- Worked example: from a yearly to a monthly rate
- Other causes in emerging economies
- Bringing inflation down
- Living with moderate inflation
- Common mistakes to avoid
- Key takeaways
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