Inflation Dynamic - Global Positive Economic Analysis

The book tests various theoretical models about the relationships between money and prices, money growth and inflation, money growth and real output, expected inflation; the output gap, fiscal policy, and inflation, using a number of parametric and non-parametric methods, and pays attention to specifications and estimations problems.

List of contents

List of Figures. List of Tables. Introduction. The Price Level and the Inflation the Data at a Glance: 1960–2021. The Quantity Theory of Money, Prices, and Output: The Equation of Exchange – the Quantity Theory of Money. Testing the Relationship Between Money and Prices. Money Growth and Inflation. The Neutrality of Money. Why Do Central Banks Print More Money?. The Phillips Curve, Anticipated Inflation, and Output. Estimating the Phillips Curve. The "Newer" Theories and Models of Inflation. Reducing Inflation. Summary and Conclusion. References. Index.

About the author

Weshah Razzak is Honorary Research Fellow at the School of Economics and Finance, Massey University, Palmerston North, New Zealand.

Summary

The book tests various theoretical models about the relationships between money and prices, money growth and inflation, money growth and real output, expected inflation; the output gap, fiscal policy, and inflation, using a number of parametric and non-parametric methods, and pays attention to specifications and estimations problems.

Product details

• Authors: Weshah Razzak
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Released: 28.11.2024
• EAN: 9781032465470
• ISBN: 978-1-0-3246547-0
• No. of pages: 333
• Series: Routledge International Studies in Money and Banking
• Subjects: Humanities, art, music > History; Social sciences, law, business > Business > Miscellaneous; History, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / Economics / Theory, BUSINESS & ECONOMICS / Economics / Macroeconomics, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Econometrics, macroeconomics, Economic history, Economic theory & philosophy, International Economics, Political Economy, International Finance, Econometrics, Economic theory and philosophy, Econometrics and economic statistics