After the crisis was over, the Japanese authorities announced a plan to control M2 growth, starting in July 1974. The growth rate of M2 gradually declined over the following decade, averaging just 12.8% in the critical period January 1976 to December 1978, effectively halving the growth rate of M2 experienced before the first oil crisis. Consequently, when the second oil crisis erupted, the overall CPI increased only mildly, from 4.2% per year in 1978 to a peak of 8.2% in 1980, and then to 4.9% in 1981. In other words, while relative prices increased, overall inflation remained relatively moderate. There can be few more striking demonstrations of the fact that changes in the money supply, not changes in oil prices, cause inflation.
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。新收录的资料是该领域的重要参考
came across the LAION-5b
Opens in a new window。关于这个话题，新收录的资料提供了深入分析
System clipboard integration for terminals. Makes copy/paste，更多细节参见新收录的资料
Ali Khamenei, Iran, money, Nicolás Maduro, United States Department of Defense, Venezuela