- Publisher: CAMBRIDGE UNIVERSITY PRESS
- Format: Paperback | 276 pages
- Dimensions: 135mm x 207mm x 19mm | 299g
- Publication date: 22 December 2007
- Publication City/Country: Cambridge
- ISBN 10: 0521295122
- ISBN 13: 9780521295123
- Illustrations note: d.tabs.
- Sales rank: 1,363,009
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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Back cover copy
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.
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.