Theories of Inflation

Theories of Inflation

Hardback Cambridge Surveys of Economic Literature

By (author) Helmut Frisch, Series edited by John Pencavel

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Paperback $59.98
  • Format: Hardback | 272 pages
  • Dimensions: 138mm x 216mm 445g
  • Publication date: 27 January 1984
  • Publication City/Country: Cambridge
  • ISBN 10: 0521224705
  • ISBN 13: 9780521224703
  • Edition: 1
  • Illustrations note: d.tabs.

Product description

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.

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Table of contents

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.