Inflation, Stagflation, the Phillips Curve and Relative Prices
| Author | : Alex Cukierman |
| Publisher | : |
| Total Pages | : 239 |
| Release | : 1981 |
| Genre | : |
| ISBN | : |
Download Inflation, Stagflation, the Phillips Curve and Relative Prices Book in PDF, ePub and Kindle
Inflation Stagflation The Phillips Curve And Relative Prices PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Inflation Stagflation The Phillips Curve And Relative Prices PDF full book. Access full book title Inflation Stagflation The Phillips Curve And Relative Prices.
Inflation, Stagflation, Relative Prices, and Imperfect Information
| Author | : Alex Cukierman |
| Publisher | : Cambridge University Press |
| Total Pages | : 0 |
| Release | : 2008-08-28 |
| Genre | : Business & Economics |
| ISBN | : 9780521070843 |
Download Inflation, Stagflation, Relative Prices, and Imperfect Information Book in PDF, ePub and Kindle
This book surveys the imperfect-information approach to inflation and its real effects. Two types of informational limitation are considered. One involves situations in which individuals have asymmetric information about the current general price level and consequently confuse relative and aggregate changes in prices. The other considers situations in which individuals cannot distinguish permanent from transitory changes as soon as they occur, creating a temporary but persistent confusion between such changes. The author presents the arguments within the context of the recent re-evaluations by economists of previously established views concerning inflation and its interaction with real phenomena.
Inflation, Stagflation, Relative Prices and Imperfect Information
| Author | : Alex Cukierman |
| Publisher | : |
| Total Pages | : 202 |
| Release | : 1986 |
| Genre | : |
| ISBN | : |
Download Inflation, Stagflation, Relative Prices and Imperfect Information Book in PDF, ePub and Kindle
The Great Inflation
| Author | : Michael D. Bordo |
| Publisher | : University of Chicago Press |
| Total Pages | : 545 |
| Release | : 2013-06-28 |
| Genre | : Business & Economics |
| ISBN | : 0226066959 |
Download The Great Inflation Book in PDF, ePub and Kindle
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Economic Policy and the Great Stagflation
| Author | : Alan S. Blinder |
| Publisher | : New York; Toronto : Academic Press |
| Total Pages | : 256 |
| Release | : 1979 |
| Genre | : Business & Economics |
| ISBN | : |
Download Economic Policy and the Great Stagflation Book in PDF, ePub and Kindle
Monograph using economic theory to analyse errors in economic policy leading to economic recession and inflation in the USA during 1971 to 1976 - outlines basic concepts of stagflation such as aggregate supply and demand analysis and the trade-off between inflation and unemployment, examines recession dynamics (productivity, consumption and investment problems) and effects of rising prices, and presents economic analysis of wages-price controls, fiscal policy and monetary policy. Bibliography pp. 219 to 223 and graphs.
Stagflation
| Author | : |
| Publisher | : |
| Total Pages | : 850 |
| Release | : 1980 |
| Genre | : Inflation (Finance) |
| ISBN | : |
Download Stagflation Book in PDF, ePub and Kindle
Inflation and the Phillips curve
| Author | : Thomas Vogt |
| Publisher | : GRIN Verlag |
| Total Pages | : 29 |
| Release | : 2008-06-09 |
| Genre | : Business & Economics |
| ISBN | : 3638059839 |
Download Inflation and the Phillips curve Book in PDF, ePub and Kindle
Seminar paper from the year 2007 in the subject Economics - Economic Cycle and Growth, grade: 1,0, University of applied sciences Frankfurt a. M., course: Inflation and the Phillips Curve, language: English, abstract: In this paper the author will discuss the relation of inflation and the Phillips curve. First, the concept and the different forms of inflation and their economical reasons will be explained. Afterwards the three prevalent models of the Phillips curve in literature are introduced and explained. The author will look into the theory of the NRU and NAIRU and how they relate to the concept of the Phillips curve. In the last part of the paper, the applicability and validity of the Phillips curve for Germany is investigated more closely and the characteristics of the Phillips curve for Germany will be described. The Phillips curve originates of an empirical study of Arthur W. Phillips in 1958. There he describes the existence of a negative relationship between the rate of unemployment and the nominal wage growth in the UK between the years 1861-1957. The curve shows, that the higher the rate of unemployment, the lower the rate of wage inflation. His work represented a milestone in the development of macroeconomics. Especially in the sixties and seventies, politicians in the USA and Europe thought they can interpret the relation of inflation and unemployment as a menu card of fiscal and monetary policy. A well-known quote by Helmut Schmidt, former chancellor of Germany in the 1970s, supports this thinking, when he said that an inflation rate of five percent is better than a five percent rate of unemployment. In the following years, a lot of different economist (Keynes, Samuelson, Friedman, Phelps, Lipsey et al.) modified the original curve and supported it with their customized theories. In this paper the author will discuss the relation of inflation and the Phillips curve. First, the concept and the different forms of inflation and their economical reasons will be explained. Afterwards the three prevalent models of the Phillips curve in literature are introduced and explained. The author will look into the theory of the NRU and NAIRU and how they relate to the concept of the Phillips curve. In the last part of the paper, the applicability and validity of the Phillips curve for Germany is investigated more closely and the characteristics of the Phillips curve for Germany will be described.
Prices and Quantities
| Author | : Arthur M Okun |
| Publisher | : Brookings Institution Press |
| Total Pages | : 382 |
| Release | : 2011-10-01 |
| Genre | : Business & Economics |
| ISBN | : 0815718721 |
Download Prices and Quantities Book in PDF, ePub and Kindle
During the past decade Arthur M. Okun, like many economists, focused attention on finding ways to fight inflation without sacrificing goals of high employment and prosperity. In recent years the economy has been plagued by stagflation—the simultaneous persistence of high inflation and high unemployment. Traditional methods of aggregate demand management that have been reasonably successful in curing either one or the other of these problems have not been effective, and the nation has not been able to contain inflation even in periods of economic slack. It now seems clear that the economists’ traditional model that presumes short-run flexibility in wages and prices no longer holds for most of the industrial world, and hence the response of inflation to shifts in macroeconomic policy is weak. In this volume Okun seeks to explain that loss of responsiveness by analyzing how modern labor and product markets work and how they are structured. A central feature of Okun’s analysis is implicit contract theory, which recognizes that efficiency-maximizing decisions by business firms reflect long-term considerations as well as short-term changes in markets. His interpretation of microeconomic behavior and macroeconomic performance provides a basis for the design of policies to deal with stagflation.
Theories of Inflation
| Author | : Helmut Frisch |
| Publisher | : Cambridge University Press |
| Total Pages | : 276 |
| Release | : 1983 |
| Genre | : Business & Economics |
| ISBN | : 9780521295123 |
Download Theories of Inflation Book in PDF, ePub and Kindle
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.
Inflation Expectations
| Author | : Peter J. N. Sinclair |
| Publisher | : Routledge |
| Total Pages | : 402 |
| Release | : 2009-12-16 |
| Genre | : Business & Economics |
| ISBN | : 1135179778 |
Download Inflation Expectations Book in PDF, ePub and Kindle
Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.
