Economy, Domestic Economy
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Economist Urges Government to Reconsider Inflationary Policies

Economist Urges Government to  Reconsider Inflationary PoliciesEconomist 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. 

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