The Macroeconomics series (III): Inflation can be a friendly monster

In our last article, we talked about inflation, economic growth and how output changes over time. We finished the article by saying that “inflation is not a bad thing in itself”; it is now time to explain why inflation can be good for the economy. This won’t take long, so let’s get started! Continue reading “The Macroeconomics series (III): Inflation can be a friendly monster”

The Macroeconomics Series (II): Inflation and growth

Our first article in this series on macroeconomics covered GDP (Gross Domestic Product). We made a distinction between nominal GDP and real GDP based on the effects of increasing or decreasing prices. Today, we are going to expand on that topic: this article will introduce you to inflation and growth. Continue reading “The Macroeconomics Series (II): Inflation and growth”