TITLE

Sinai Curve

PUB. DATE
September 1977
SOURCE
National Review;9/2/1977, Vol. 29 Issue 34, p983
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the views of Allen Sinai, an official of Data Resources Inc., regarding inflation in the United States. According to Sinai, an increase in money supply plus the increase in the rate at which money changes hands equals the rate of increase in inflation. At meetings of the U.S. Senate's Banking Committee, Sinai explained past reductions in inflation as exogenous. Sinai said that as volume drops, producers charge higher prices to maintain profits. This implies that inflation and profits should pick up as business slows down.
ACCESSION #
6056229

 

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