Inflation
Causes and Effects
1st Edition
Published on 15. May 2009
300 pages
978-0-226-31325-2 (ISBN)
Description
This volume presents the latest thoughts of a brilliant group of young economists on one of the most persistent economic problems facing the United States and the world, inflation. Rather than attempting an encyclopedic effort or offering specific policy recommendations, the contributors have emphasized the diagnosis of problems and the description of events that economists most thoroughly understand. Reflecting a dozen diverse views-many of which challenge established orthodoxy-they illuminate the economic and political processes involved in this important issue.
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Content
- Intro
- Contents
- Acknowledgments
- Introduction
- 1. Why Stopping Inflation May Be Costly: Evidence from Fourteen Historical Episodes
- 2. The Ends of Four Big Inflations
- 3. United States Inflation and the Choice of Monetary Standard
- 4. Explorations in the Gold Standard and Related Policies for Stabilizing the Dollar
- 5. The Effect of Inflation on the Private Pension System
- 6. The Disruptive Effect of Inflation on the Organization of Markets
- 7. Inflation, Capital Taxation, and Monetary Policy
- 8. Adapting to Inflation in the United States Economy
- 9. United States Inflation and the Dollar
- 10. Public Concern about Inflation and Unemployment in the United States: Trends, Correlates, and Political Implications
- 11. Inflation, Corporate Profits, and the Rate of Return to Capital
- 12. The Anatomy of Double-Digit Inflation in the 1970s
- List of Contributors
- Author Index
- Subject Index
