Luchar Contra la Inflación Promueve el Crecimiento
Geoffrey E. Wood
Conforme el crecimiento se detiene poco a poco en el mundo, parece ser que controlar la inflación está pasando de moda. Hoy día, hay cualquier cantidad de políticos, empresarios e incluso algunos economistas en Asia y en América Latina que se oponen a que el objetivo primario del banco central sea mantener un bajo nivel de inflación. Observan los actos de la junta de gobierno de la Reserva Federal de Estados Unidos en los años noventa y argumentan que todos lo bancos centrales deberían enfocarse en promover el crecimiento. Pero pensar que el crecimiento es algo por completo distinto que mantener la inflación bajo control refleja una confusión básica, pues un bajo nivel de inflación promueve la estabilidad en el sector financiero y la combinación de los dos promueve el crecimiento.
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