This book, originally published in 1951, is a theoretical study inspired by some central economic problems which have appeared during and after the Second World War in many countries, including Scandinavia. It develops a monetary theory for repressed inflation, gives a number of definitions and concepts and explains the connection between the concepts. The investigation of the problems of repressed inflatin also serve as an introduction to the study of open inflation.
1. General Survey of the Characteristics of Inflation 2. A ‘Swedish’ Approach to Some Fundamental Relationships 3. Analysis of the Inflationary Gap 4. A Simplified Model of Repressed Inflation 5. Removal of the Excess Demand Under Repressed Inflation 6. Changes in Productivity Under Repressed Inflation 7. On Open Inflation: Simple Model 8. On Open Inflation: A General Quasi-Equilibrium System 9. Monetary Equilibrium 10. Conclusions