Excess money in the system not inflationary: RBI paper - Economic Times

Well known economist and Nobel Laureate Milton Friedman's theory which guided monetary policy through the world in the second half of twentieth century said that inflation is a monetary phenomenon and it occurs when too much money chases too few goods. Excess…

It is said that too much money chasing too few goods is inflationary. But that may be only partially true. Empirical results of study by RBI economists suggest that money growth does not pose risks t… [+3007 chars]

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