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The Conquest of American Inflation

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  • 168 stránek
  • 6 hodin čtení

Více o knize

The book offers a thorough analysis of U.S. inflation trends since 1960, exploring two main theories: the natural-rate hypothesis with the Lucas critique and a traditional econometric approach enhanced by adaptive expectations. Sargent aims to identify which explanation more accurately accounts for inflation and unemployment dynamics, while also documenting the underlying economic forces that drive inflation. His work serves as a valuable resource for understanding historical inflation patterns and their implications for future economic policy.

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The Conquest of American Inflation, Thomas J. Sargent

Jazyk
Rok vydání
2001
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5,0
Výborná
6 Hodnocení

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Titul
The Conquest of American Inflation
Jazyk
anglicky
Rok vydání
2001
Vazba
měkká
Počet stran
168
ISBN13
9780691090122
Série
Hodnocení
5 z 5
Anotace
The book offers a thorough analysis of U.S. inflation trends since 1960, exploring two main theories: the natural-rate hypothesis with the Lucas critique and a traditional econometric approach enhanced by adaptive expectations. Sargent aims to identify which explanation more accurately accounts for inflation and unemployment dynamics, while also documenting the underlying economic forces that drive inflation. His work serves as a valuable resource for understanding historical inflation patterns and their implications for future economic policy.