Theories of Inflation

Theories of Inflation

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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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Product details

  • Paperback | 276 pages
  • 135.4 x 207 x 18.5mm | 299.38g
  • CAMBRIDGE UNIVERSITY PRESS
  • Cambridge, United Kingdom
  • English
  • d.tabs.
  • 0521295122
  • 9780521295123
  • 1,482,853

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.

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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.

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