Inflation's demons are hard to exorcise
Green, Brian
Inflation's demons are hard to exorcise - 2005 - Construction News (6922) 23 June 2005, 17(1) .
Explains that the relatively low levels of inflation since 1990 have caused problems as well as providing greater stability. For example, inflation can help to absorb a fall in house prices; this happened in the early 1970s where despite 32% being removed from the real value of a home there was no negative equity.
Inflation's demons are hard to exorcise - 2005 - Construction News (6922) 23 June 2005, 17(1) .
Explains that the relatively low levels of inflation since 1990 have caused problems as well as providing greater stability. For example, inflation can help to absorb a fall in house prices; this happened in the early 1970s where despite 32% being removed from the real value of a home there was no negative equity.