{"id":17303,"date":"2023-04-26T02:57:14","date_gmt":"2023-04-26T02:57:14","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/why-high-expansionary-money-policy-between-2007-and-2015-not-result-in-high-inflation\/"},"modified":"2023-04-26T02:57:14","modified_gmt":"2023-04-26T02:57:14","slug":"why-high-expansionary-money-policy-between-2007-and-2015-not-result-in-high-inflation","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/why-high-expansionary-money-policy-between-2007-and-2015-not-result-in-high-inflation\/","title":{"rendered":"Why high expansionary money policy between 2007 and 2015 not result in high inflation"},"content":{"rendered":"<p>The Nobel Prize winning economist Milton Friedman said, \u201c Inflation is always and<\/p>\n<div>everywhere a monetary phenomenon\u201d. If what Friedman suggested is good even\n<\/div>\n<div>today and has no other constraints, then why high expansionary money policy\n<\/div>\n<div>between 2007 and 2015 not result in high inflation. You can plot the graph\n<\/div>\n<div>between money aggregates and inflation for the above period and explain the\n<\/div>\n<div>reasons of low inflation then.The Nobel Prize winning economist Milton Friedman said, \u201c Inflation is always and&nbsp;<span style=\"background-color: transparent; color: var(--color-1); font-variant-ligatures: inherit; font-variant-caps: inherit;\">everywhere a monetary phenomenon\u201d. If what Friedman suggested is good even<\/span><\/div>\n<div>today and has no other constraints, then why high expansionary money policy\n<\/div>\n<div>between 2007 and 2015 not result in high inflation. You can plot the graph\n<\/div>\n<div>between money aggregates and inflation for the above period and explain the\n<\/div>\n<div>reasons of low inflation then.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Nobel Prize winning economist Milton Friedman said, \u201c Inflation is always and everywhere a monetary phenomenon\u201d. If what Friedman suggested is good even today and has no other constraints, then why high expansionary money policy between 2007 and 2015 not result in high inflation. You can plot the graph between money aggregates and inflation [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[676],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/17303"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=17303"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/17303\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=17303"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=17303"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=17303"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=17303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}