Economics, Econometrics and Finance
4 years ago

Revolutionary Study Shows How to Control Inflation Without Money

RePEc: Research Papers in Economics
Doing Without Money: Controlling Inflation in a Post-Monetary World
Michael Woodford

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The article discusses how central banks are moving away from using traditional measures like money supply to control inflation. Instead, they propose using interest rates to guide policy decisions. By focusing on interest rates rather than money supply, it is possible to analyze and predict inflation levels more accurately in modern economies with advanced financial systems.