Friedman's monetary theory suggests that the supply of money is constantly equal to the demand of money. Therefore, it cannot justify that inflation is indeed caused by over issuance of money. The root cause of inflation should be the short supply of a basket of goods. The weight of each goods...

This is an entry for the second edition of Sage's Encyclopedia of Business Ethics and Society. It is a brief explanation of inflation, its causes and its consequences. Inflation has important economic, political, social and ethical implications for countries, especially because it affects the...

The inflation targeting policy, which is adopted in a lot of countries in recent years, has been introduced with a band target in most countries. However, in the many theoretical analysis, the target of the inflation rate is assumed to be a point, and the studies that have treated the following...