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Also greatly affects our economy. So even from the perspective of narrow selfinterest, it is important for us to be mindful of those spillovers and spillbacks of our policies and take them into account. Policy coordination is difficult. Possiblenot sure it is given our separate legislative mandates. Contact in anlose attempt to promote understanding. And in crisis situations, when it is necessary to mount defenses because we are worried, for example about an incipient financial crisis, that network resulted in very close and effective coordination and cooperation. It has been important in recent years. Students are often told inflation is always and everywhere a monetary phenomenon. Yet you listed three reasons for inflation, none of which were too much money. What is the role of money in inflation . Chair yellen i guess i would is too muchn there demand for a limited supply of goods and services that is a situation that creates inflation. It ties in with the framework i articulated wi

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