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A survey of the new theories of inflation that have developed over the past two decades in response to the inflationary pressures experienced by Western countries examines the shifting debate from explaining inflation as a "causal" process to explaining its increase as a result of constantly changing expectations.
1. Inflation: definition and measurement; 2. Expectations and inflation; 3. The Phillips curve; 4. Monetarist inflation theory; 5. The hypothesis of structural inflation; 6. Stagflation; 7. Some traditional explanations of inflation.
John B. Shoven, John Whalley, California) Shoven, John B. (Stanford University, John (University of Western Ontario) Whalley, Shoven John B., Whalley John
John B. Shoven, John Whalley, California) Shoven, John B. (Stanford University, John (University of Western Ontario) Whalley, Shoven John B., Whalley John
Sushil Bikhchandani, Jack Hirshleifer, John G. Riley, Los Angeles) Bikhchandani, Sushil (University of California, Los Angeles) Riley, John G. (University of California, Sushil Bikchandani
Sushil Bikhchandani, Jack Hirshleifer, John G. Riley, Los Angeles) Bikhchandani, Sushil (University of California, Los Angeles) Riley, John G. (University of California