William Vickrey: The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure.

The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure.

-- William Vickrey


		Name: William Vickrey Type: Educator Nationality: Canadian Birth: June 21, 1914 Death: October 11, 1996

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