Edited by Michael Parkin, Professor Emeritus, University of Western Ontario, Canada

• PART ITHE PHENOMENON TO BE EXPLAINED1. Anna J. Schwartz (1973), ‘Secular Price Change in Historical Perspective’2. E.H. Phelps Brown and Sheila V. Hopkins (1956), ‘Seven Centuries of the Prices of Consumables, compared with Builders’ Wage-Rates’3. Nigel W. Duck (1993), ‘Some International Evidence on the Quantity Theory of Money’PART IISURVEYS OF THE THEORY OF INFLATION4. David Laidler and Michael Parkin (1975), ‘Inflation: A Survey’5. Bennett T. McCallum (1990), ‘Inflation: Theory and Evidence’PART IIIINFLATION DYNAMICS6. Philip Cagan (1956), ‘The Monetary Dynamics of Hyperinflation’7. Maurice Obstfeld and Kenneth Rogoff (1983), ‘Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?’8. Thomas J. Sargent and Neil Wallace (1981), ‘Some Unpleasant Monetarist Arithmetic’PART IVTHE COST OF INFLATION9. Stanley Fischer (1981), ‘Towards an Understanding of the Costs of Inflation: II’10. Max Gillman (1993), ‘The Welfare Cost of Inflation in a Cash-in-Advance Economy with Costly Credit’11. Wouter J. Den Haan (1990), ‘The Optimal Inflation Path in a Sidraiski-Type Model with Uncertainty’PART VSTOPPING INFLATION12. Peter Howitt (1990), ‘Zero Inflation as a Long Term Target for Monetary Policy’13. Thomas J. Sargent (1982), ‘The Ends of Four Big Inflation’s’14. Yoshio Suzuki (1985), ‘Japan’s Monetary Policy Over the Past 10 Years’15. Allan H. Meltzer (1993), ‘Some Lessons from the Great Inflation’s’PART VITHE POSITIVE THEORY OF MONETARY POLICY16. Robert J. Barro and David B. Gordon (1983), ‘A Positive Theory of Monetary Policy in a Natural Rate Model’17. Keith Blackburn and Michael CHRISTENSEN (1989), ‘Monetary Policy and Policy Credibility: Theories and Evidence’18. David Romer (1993), ‘Openness and Inflation: Theory and Evidence’19. Jakob De Haan and Jan Egbert Sturm (1992), ‘The Case for Central Bank Independence’

Edited by Michael Parkin, Professor Emeritus, University of Western Ontario, Canada

• PART ITHE PHENOMENON TO BE EXPLAINED1. Anna J. Schwartz (1973), ‘Secular Price Change in Historical Perspective’2. E.H. Phelps Brown and Sheila V. Hopkins (1956), ‘Seven Centuries of the Prices of Consumables, compared with Builders’ Wage-Rates’3. Nigel W. Duck (1993), ‘Some International Evidence on the Quantity Theory of Money’PART IISURVEYS OF THE THEORY OF INFLATION4. David Laidler and Michael Parkin (1975), ‘Inflation: A Survey’5. Bennett T. McCallum (1990), ‘Inflation: Theory and Evidence’PART IIIINFLATION DYNAMICS6. Philip Cagan (1956), ‘The Monetary Dynamics of Hyperinflation’7. Maurice Obstfeld and Kenneth Rogoff (1983), ‘Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?’8. Thomas J. Sargent and Neil Wallace (1981), ‘Some Unpleasant Monetarist Arithmetic’PART IVTHE COST OF INFLATION9. Stanley Fischer (1981), ‘Towards an Understanding of the Costs of Inflation: II’10. Max Gillman (1993), ‘The Welfare Cost of Inflation in a Cash-in-Advance Economy with Costly Credit’11. Wouter J. Den Haan (1990), ‘The Optimal Inflation Path in a Sidraiski-Type Model with Uncertainty’PART VSTOPPING INFLATION12. Peter Howitt (1990), ‘Zero Inflation as a Long Term Target for Monetary Policy’13. Thomas J. Sargent (1982), ‘The Ends of Four Big Inflation’s’14. Yoshio Suzuki (1985), ‘Japan’s Monetary Policy Over the Past 10 Years’15. Allan H. Meltzer (1993), ‘Some Lessons from the Great Inflation’s’PART VITHE POSITIVE THEORY OF MONETARY POLICY16. Robert J. Barro and David B. Gordon (1983), ‘A Positive Theory of Monetary Policy in a Natural Rate Model’17. Keith Blackburn and Michael CHRISTENSEN (1989), ‘Monetary Policy and Policy Credibility: Theories and Evidence’18. David Romer (1993), ‘Openness and Inflation: Theory and Evidence’19. Jakob De Haan and Jan Egbert Sturm (1992), ‘The Case for Central Bank Independence’

Edited by Michael Parkin, Professor Emeritus, University of Western Ontario, Canada

• PART ITHE PHENOMENON TO BE EXPLAINED1. Anna J. Schwartz (1973), ‘Secular Price Change in Historical Perspective’2. E.H. Phelps Brown and Sheila V. Hopkins (1956), ‘Seven Centuries of the Prices of Consumables, compared with Builders’ Wage-Rates’3. Nigel W. Duck (1993), ‘Some International Evidence on the Quantity Theory of Money’PART IISURVEYS OF THE THEORY OF INFLATION4. David Laidler and Michael Parkin (1975), ‘Inflation: A Survey’5. Bennett T. McCallum (1990), ‘Inflation: Theory and Evidence’PART IIIINFLATION DYNAMICS6. Philip Cagan (1956), ‘The Monetary Dynamics of Hyperinflation’7. Maurice Obstfeld and Kenneth Rogoff (1983), ‘Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?’8. Thomas J. Sargent and Neil Wallace (1981), ‘Some Unpleasant Monetarist Arithmetic’PART IVTHE COST OF INFLATION9. Stanley Fischer (1981), ‘Towards an Understanding of the Costs of Inflation: II’10. Max Gillman (1993), ‘The Welfare Cost of Inflation in a Cash-in-Advance Economy with Costly Credit’11. Wouter J. Den Haan (1990), ‘The Optimal Inflation Path in a Sidraiski-Type Model with Uncertainty’PART VSTOPPING INFLATION12. Peter Howitt (1990), ‘Zero Inflation as a Long Term Target for Monetary Policy’13. Thomas J. Sargent (1982), ‘The Ends of Four Big Inflation’s’14. Yoshio Suzuki (1985), ‘Japan’s Monetary Policy Over the Past 10 Years’15. Allan H. Meltzer (1993), ‘Some Lessons from the Great Inflation’s’PART VITHE POSITIVE THEORY OF MONETARY POLICY16. Robert J. Barro and David B. Gordon (1983), ‘A Positive Theory of Monetary Policy in a Natural Rate Model’17. Keith Blackburn and Michael CHRISTENSEN (1989), ‘Monetary Policy and Policy Credibility: Theories and Evidence’18. David Romer (1993), ‘Openness and Inflation: Theory and Evidence’19. Jakob De Haan and Jan Egbert Sturm (1992), ‘The Case for Central Bank Independence’