Inflation Unwrapped: A Friendly Guide to Its Causes, Effects, and Remedies Hello there! Today, we’re […]
Economic Policy
Inflation is a critical aspect of any economy, requiring careful attention from policymakers. Understanding inflation involves comprehending the intricacies of both monetary policy and fiscal policy. Central banks use monetary policy to control the money supply and interest rates, while governments employ fiscal policy to manage public spending and taxation. By effectively managing these tools, economies can maintain a balance between controlling inflation and promoting economic growth.