Theories of Inflation

Klappentext This book provides a survey of the new theories of inflation developed in the last two decades in response to the inflationary pressures experienced by the Western countries. Zusammenfassung A survey of the new theories of inflation that have developed over the past two decades in response to the inflationary pressures experienced by Western countries examines the shifting debate from explaining inflation as a "causal" process to explaining its increase as a result of constantly changing expectations. Inhaltsverzeichnis 1. Inflation: definition and measurement; 2. Expectations and inflation; 3. The Phillips curve; 4. Monetarist inflation theory; 5. The hypothesis of structural inflation; 6. Stagflation; 7. Some traditional explanations of inflation.

Product details

• Authors: Helmut Frisch
• Assisted by: John Pencavel (Editor)
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Paperback / Softback
• Released: 27.01.1984
• EAN: 9780521295123
• ISBN: 978-0-521-29512-3
• No. of pages: 276
• Series: Cambridge Surveys of Economic
• Subject: Social sciences, law, business > Business > Economics