Inflation and Monetarism: An Analysis


  • Sankar Rajeev Professor, Department of Business Studies, K. K. Wagh Institute of Engineering Education and Research, Nashik, Maharashtra, India



Inflation, Monetarism, Fiscal Policy, Demand-Pull Effect, Purchasing Power


Forced by the existential crisis permeated by Ukraine War, economists were compelled to change the Treasury rates with fuel crisis aggrandizing its position. It is true that such a change forced by a black swan effect has created ambivalence as a result of which hurried and uncompromising makeover in the economic sector emerged which was relatable in the purchasing power of the people. Antediluvian scan of literature indicates that analysis of a topic of this nature has not been attempted whereas there have been numerous contributions on inflation. Studies carried out on efficacy of altering the Repo rates world all over leads us to the important point that aspirations of neither the industry nor the people are met because of the apocryphal attitude of major players such as administrative machinery and financial policy think-tanks. With inflationary trends the disparity has been widening disproportionately. Attempting to negate the inflationary trend without attempting to rectify the fiscal deficit issue is like a fish out of water having very less chance of surviving. Thus, it was found that such a study would be not only enriching and useful but also interesting giving approbation to inflationary trends which are coming too often in the present world. The findings will give an arcane insight on to the relevance of practicable methods to deal with problem and support further research on the subject. The methodology used has been archetypal descriptive study.


U.S. Bureau of Labor Statistics. (Year). Consumer Price Index: Data Sources. Retrieved from [URL]

(Year). Retrieved from>factsheets>us-cities-factsheet.

Ling, M. (2019). Investopedia.

Momoh, O. (2021). Investopedia.

Friedman, M. (1963). A Monetary History of the United States 1867-1960.

Gali, J. (2008). Monetary Policy. Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework and Its Applications.

Laubach, T., Posen, A., Mishkin, F., & Bernanke, B. S. (1999). Inflation Targeting: Lessons from the International Experience.

Kehoe, T. J., & Nicolini, J. P. (2022). Monetary and Fiscal history of Latin America.

Sargent, T. J. (1999). The Conquest of American Inflation.

Forder, J. (2014). Macroeconomics and the Phillips Curve Myth. OUP Oxford.

Hoover, K. D. (2018). Phillips Curve. Econlib.

Mohitgiri, G. (2015). Descriptive Research. LAP Lambert Academic Publishing.

Yin, R. K. (2002). Case Study Research.

Shawn, G. (2023). The Collapse of Silicon Valley Bank. Amazon.

Federal Reserve Bank of San Francisco. (2017). Natural rate of Unemployment past 100 years, Investopedia.

Retrieved from>factsheets>us-cities-factsheet.




How to Cite

Rajeev, S. (2023). Inflation and Monetarism: An Analysis. Asian Journal of Managerial Science, 12(1), 51–57.