Fisheries Economics

6.1.5.5. Convergent Inflation

An inflation may be caused by many factors but when it comes to an end it is said to be convergent inflation. But, all inflations are not convergent. The inflationary process may sometime exist for protracted periods and the inflationary gap may continue to widen. Such an inflation could not be controlled by monetary or fiscal measures. Often, it cannot last long indefinitely and would cease to exist on its own in due course of time.