The Theory of Inflation

By: Michael Parkin (Editor)

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Hardcover | 1 January 1994

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This work offers articles on the historical inflation record. They survey the current state of knowledge on the fundamental forces that cause inflation and the mechanisms that propagate it, and examine the costs of inflation and the problem of achieving price stability. The editor has provided a new introduction for this edition. Altogether, there are 20 articles, dating from 1956 to 1993. The contributors include P. Cagan, N.W. Duck, D. Laidler, B.T. McCallum and A.J. Schwartz.

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Non-Fiction Economics Macroeconomics Monetary Economics Economic Theory & Philosophy

Acknowledgements
Introduction
Secular Price Change in Historical Perspective	p. 3
Seven Centuries of the Prices of Consumables, compared with Builders' Wage-Rates	p. 30
Some International Evidence on the Quantity Theory of Money	p. 49
Inflation: A Survey	p. 63
Inflation: Theory and Evidence	p. 132
The Monetary Dynamics of Hyperinflation	p. 185
Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?	p. 278
Some Unpleasant Monetarist Arithmetic	p. 291
Towards an Understanding of the Costs of Inflation: II	p. 311
The Welfare Cost of Inflation in a Cash-in-Advance Economy with Costly Credit	p. 348
The Optimal Inflation Path in a Sidrauski-Type Model with Uncertainty	p. 367
Zero Inflation as a Long-Term Target for Monetary Policy	p. 391
The Ends of Four Big Inflations	p. 433
Japan's Monetary Policy Over the Past 10 Years	p. 490
Some Lessons from the Great Inflations	p. 499
A Positive Theory of Monetary Policy in a Natural Rate Model	p. 525
Monetary Policy and Policy Credibility: Theories and Evidence	p. 547
Openness and Inflation: Theory and Evidence	p. 592
The Case for Central Bank Independence	p. 627
Name Index	p. 651
Table of Contents provided by Blackwell. All Rights Reserved.

The Theory of Inflation

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