Answers are grounded in this paper and cite their sources.
Our economy has been experiencing an accelerating inflation during the past five years. At the same time, market interest rates have risen to extreme ly high levels. The causes of infla- tion are relatively well-known, but the reasons for high interest rates accompanying inflation are not. The following article investigates primarily this latter situation.
No takes yet. Share an insight, caveat, or question.
Yohe et al. (1969) studied this question.