‘Imported Inflation’

Was a term coined by the German-Swiss Professor, Wilhelm Rőpke in the 1950s to classify the rising prices of countries like Germany whose currencies were fixed to the dollar.
This was during the Bretton Woods era when all major currencies were fixed to the dollar and the U.S. fixed the price of gold.
The blame for imported inflation was generally put on the United States for a monetary policy that resulted in a chronic balance of payments deficit.

Was a term coined by the German-Swiss Professor, Wilhelm Rőpke in the 1950s to classify the rising prices of countries like Germany whose currencies were fixed to the dollar.