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Consequences of Inflation

Description

Mind Map on Consequences of Inflation, created by 17Y6C32 KOH HUI WEN on 17/12/2017.
17Y6C32 KOH HUI WEN
Mind Map by 17Y6C32 KOH HUI WEN, updated more than 1 year ago
17Y6C32 KOH HUI WEN
Created by 17Y6C32 KOH HUI WEN over 6 years ago
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Resource summary

Consequences of Inflation
  1. DD-pull inflation
    1. Caused by ↑ AD
      1. Low & stable inflation
        1. ↑ EG, ↑ Emp
          1. ↑ Mat SOL
          2. ↑ FDI
            1. ↑ PG
              1. BOP improves
            2. High inflation
              1. ↓ FDI
                1. ↓ PG
                  1. BOP worsens
            3. Cost-push inflation
              1. Caused by ↓ SRAS
                1. ↓ EG, ↓ Emp
                  1. ↓ Mat SOL
                  2. ↑ Unit COP
                    1. ↓ FDI
                      1. BOP worsens
                        1. ↓ PG
                  3. Relatively cheaper M
                    1. ↓ (X-M)
                      1. BOP worsens
                    2. Wage Px spiral
                      1. Worsen inflation
                      2. Worsen Y inequality
                        1. Strong vs weak trade unions
                          1. Fixed vs variable Y earners
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