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Inflation
A Theoretical Survey and Synthesis





ISBN 9781138654495
Published April 8, 2018 by Routledge
183 Pages

 
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Book Description

Originally published in 1982, this book begins with a wide-ranging and critical review of both first and second generation theories of inflation (and the related problem of unemployment), including the classical approach to macroeconomics. The author systematically integrates search, implicit contract, expectations and wage-bargaining theeoriees to outline a new and original synthesis. This synthesis and switching regimes model is then rigorously examined to see how well it can explain inflation the US and the UK.

 

Table of Contents

1. Theories of Inflation 2. A Synthesis 3. Expectations of Inflation 4. Inflation in the UK and US

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