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This article reviews the forces expected to keep the inflation rate in the next five years or so around four percent a year, neither accelerating nor decelerating. Among the reasons discussed are the long business contraction, changing behavior patterns of business, labor and consumers, Federal Reserve actions, the strong dollar, the behavior of oil and food prices, governmental policies worldwide, and deregulation. We live in unprecedented economic times.
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Business Economics. Cite this Item. Read and download Log in through your school or library. Abstract This article reviews the forces expected to keep the inflation rate in the next five years or so around four percent a year, neither accelerating nor decelerating. Journal Information We live in unprecedented economic times.
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