Role of fiscal and monitry policy in order to controle inflation?

Question

this question relates to the subject of money and banking .Kindly send yr comprehensive comments or answer on it

Answer 1

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Answer 2

Monetarists emphasize increasing interest rates (reducing the money supply, monetary policy) to fight inflation.

Keynesians emphasize reducing demand in general, often through fiscal policy, using increased taxation or reduced government spending to reduce demand as well as by using monetary policy.

Supply-side economists advocate fighting inflation by fixing the exchange rate between the currency and some reference currency such as gold. This would be a return to the gold standard.

All of these policies are achieved in practice through a process of open market operations

Answer 3

To a first approximation, Inflation is caused by the Government creating ("printing") money (i.e. spending more than it gets in Taxes).