Baghdad Metro Map on Inflation at moderate level has its benefits too. For example, the CENTRAL BANK may want the real interest rate to be negative, say, when the economy is in recession. The idea is that a low or negative interest rate makes investment spending attractive and may boost the economic performance. Recall that the real interest rate is the difference between the nominal interest rate, which cannot be negative, and inflation rate. If inflation rate is zero then the real interest rate cannot be negative and the central bank has very limited ability to help the economy. High inflation, also called hyperinflation, is always a pathology. Two classical instances of hyperinflations inflation 415 are those in GERMANY in 192223 and in HUNGARY in 194546. Baghdad Metro Map 2016.
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