10.1184/R1/6705578.v1 Karl Brunner Karl Brunner Michele Fratianni Michele Fratianni Jerry L. Jordan Jerry L. Jordan Allan Meltzer Allan Meltzer Manfred J.M. Neumann Manfred J.M. Neumann Fiscal and Monetary Policies in Moderate Inflation: Case Studies of Three Countries Carnegie Mellon University 2011 Business Management 2011-03-30 00:00:00 Journal contribution https://kilthub.cmu.edu/articles/journal_contribution/Fiscal_and_Monetary_Policies_in_Moderate_Inflation_Case_Studies_of_Three_Countries/6705578 <p>Academic and popular discussions of inflation have increasingly emphasized institutional arrangements and social conventions. Terms like "wage drift," "cost push," "monopoly pricing," and "relative shares" appear frequently and often dominate discussions of inflation. Policies to prevent inflation, increasingly, look to control of individual price changes, particularly money wages and the money prices of products produced by large corporations, as a means of preventing a rise in the general price level.</p>