Economist Urges Government to Reconsider Inflationary Policies

Iranian policymakers seem to think that moderate rates of inflation make the economy perform better. 
However, a growing number of economists today believe that authorities can best promote financial stability and economic growth by making a firm commitment to maintaining price stability. 
Hadi Salehi Esfahani of the University of Illinois at Urbana-Champaign is one of them. He expressed his dissent at the prevalent Iranian view in a write-up for the Persian daily Donya-e-Eqtesad on Wednesday. A free translation of his article follows: 
Inflation has been a chronic malaise of the Iranian economy over the past 40 years.