The Problem of Stagflation PDF Download
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Author: Gottfried Haberler
Publisher: AEI Studies
ISBN:
Category : Business & Economics
Languages : en
Pages : 96
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Book Description
Author: Gottfried Haberler
Publisher: AEI Studies
ISBN:
Category : Business & Economics
Languages : en
Pages : 96
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Book Description
Author: Alan S. Blinder
Publisher: Elsevier
ISBN: 1483264564
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
Economic Policy and the Great Stagflation discusses the national economic policy and economics as a policy-oriented science. This book summarizes what economists do and do not know about the inflation and recession that affected the U.S. economy during the years of the Great Stagflation in the mid-1970s. The topics discussed include the basic concepts of stagflation, turbulent economic history of 1971-1976, anatomy of the great recession and inflation, and legacy of the Great Stagflation. The relation of wage-price controls, fiscal policy, and monetary policy to the Great Stagflation is also elaborated. This publication is beneficial to economists and students researching on the history of the Great Stagflation and policy errors of the 1970s.
Author: Randall Hinshaw
Publisher:
ISBN:
Category : Unemployment
Languages : en
Pages : 160
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Book Description
Author: Michael Bruno
Publisher:
ISBN:
Category : Inflation (Finance) and unemployment
Languages : en
Pages : 65
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Book Description
Author: Michael D. Bordo
Publisher: University of Chicago Press
ISBN: 0226066959
Category : Business & Economics
Languages : en
Pages : 545
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Book Description
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author: Sidney Weintraub
Publisher: University of Pennsylvania Press
ISBN: 151281928X
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.
Author: United States. Congressional Budget Office
Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 98
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Book Description
Author: Michael Bruno
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We develop a model of aggregate supply and demand in the open economy to explain the important characteristics of international macroeconomic adjustment in the 1970s. Traditional demand-oriented models cannot account for the worldwide phenomenon of rising inflation and unemployment in the mid-70s, or for the failure of most industrialized economies to recover from the deep recession of 1974-75. When aggregate supply is carefully treated, it is found that much of the inflation and sluggish output performance may be attributed to the jump in the real costs of intermediate inputs and the failure of real wages to adjust downward after the input price shock. A simulation model shows that fuel inputs are sufficiently important in production that a large part of the worldwide recession may be attributed to the change in the relative price of oil, since 1973. In an empirical section, it is suggested that countries differ in their response to supply shocks and macro-policies because of differences in key structural relationships, particularly in wage determination.
Author: Various
Publisher: Routledge
ISBN: 1136708480
Category : Business & Economics
Languages : en
Pages : 540
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Book Description
Comprising Wage-Fixing (first published 1982), and Demand Management (first published 1983) this two volume reissued set is a vital and stimulating analysis of the causes and consequences of stagflation – a paralysing combination of mass unemployment and rapid inflation which affected a variety of economies across the developed world in the 1970s and early 1980s. Wage-Fixing, written by James Meade, deals primarily with the needed reform of wage-fixing institutions, contrasting the Great Depression of the 1930s with the Great Stagflation of the 1970s. Meanwhile Demand Management is devoted to the design of fiscal, monetary and foreign exchange-rate policies for the control of the money demand for the products of labour. This volume deals with the theory of demand management, feedback control and the creation of a dynamic model of the UK economy. Written in clear and accessible language, this reissue will appeal to the general reader as well as students of economics and professional economists. It should be required reading for all those who wish to learn the lessons of the Great Stagflation of the 1970s to avoid a repetition in the current economic climate.
Author: Martin L. Weitzman
Publisher: Harvard University Press
ISBN: 9780674805835
Category : Business & Economics
Languages : en
Pages : 180
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Book Description
Discussion of profit sharing as a means of combating cyclical unemployment and inflation (stagflation) in market economies - argues that profit sharing will produce full employment without inducing inflation; discusses marginal value economic theory of wages and its effect on the labour market; briefly examines advantages of profit sharing, employee Motivation, etc., and the need for accompanying tax reform. Bibliography.
