Inflation as both a concept and a real-world phenomenon is talked about and debated by experts and everyday people but the true causes and effects are shrouded in myths & misinformation.

In this episode of Books in 5, the author of "Inflation: A Guide for Users and Losers" joins us to highlight the four genres of how prices and wages rise, the importance of understanding the 1970's experience and why episodes of hyper-inflation are rare.

The stories that are told about inflation matter is it causes policymakers, executives and consumers to act in certain ways and it is critical that everyone learns the right lessons for the future.

Nicolò Fraccaroli is an Economist at the World Bank and a Visiting Scholar at the W.R. Rhodes Center for International Economics and Finance at Brown University. Before, he was an Adjunct Professor in Economics for Public Policy and a Postdoctoral Research Associate at the Watson Institute of Brown University, and worked at the European Central Bank and at the Bank of England.

The views and opinions expressed by Nicolò Fraccaroli in this interview are those of the authors of the book and do not necessarily reflect the official positions of the World Bank.

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