This book discusses the proceedings of the International Economic Association conference on 'Inflation and Anti-Inflationary Policy' in Saltsjobaden. The discussion covers many kinds of theories of inflation, such as monetarist, Keynesian, Phillips-curves approaches, and microeconomic models.
Part One: Problems of Inflation and its Analysis 1. Inflation: A Review of the Issues 2. Recent Developments in the Theory of Inflation and Unemployment 3. Causes and Origins of the Current Worldwide Inflation 4. The Role of Money in the Inflation Analysis 5. Some Problems of Current Price Movements Part Two: International Aspects of Inflation 6. International Aspects of Inflation 7. Policy Autonomy of Small Countries 8. Inflation and the Exchange Rate Regime 9. World Inflation under Flexible Exchange Rates Part Three: The Effects of Inflation 10. Inflation and Income Distribution 11. The Welfare Implications of Uneven Inflation 12. The Welfare Costs of Inflation in Neoclassical Theory 13. Effects of Inflation on Public Revenue and Expenditure 14. The Growth of the Public Sector and Inflation Pressure Part Four: Policies for Inflation 15. Indexation in Israel 16. A Revaluation of the Theory of Repressed Inflation in the light of the Experience of Some Socialist Countries 17. Why have General Anti-inflation Policies not Succeeded? 18. Incomes Policies 19. Aspects of the Theory of Indexed Bonds 20. On the Non-existence of Privately Issued Bonds in the United States Capital Market 21. A Summing Up