The Price Level, Relative Prices and Economic Stability

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis The Price Level, Relative Prices and Economic Stability by : David E. W. Laidler

Download or read book The Price Level, Relative Prices and Economic Stability written by David E. W. Laidler and published by . This book was released on 2003 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Price Level, Relative Prices and Economic Stability

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Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (878 download)

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Book Synopsis The Price Level, Relative Prices and Economic Stability by : Laidler Laidler (David E. W.)

Download or read book The Price Level, Relative Prices and Economic Stability written by Laidler Laidler (David E. W.) and published by . This book was released on 2003 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Relationship of Prices to Economic Stability and Growth

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Publisher :
ISBN 13 :
Total Pages : 446 pages
Book Rating : 4.0/5 (13 download)

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Book Synopsis Relationship of Prices to Economic Stability and Growth by : United States. Congress. Joint Economic Committee

Download or read book Relationship of Prices to Economic Stability and Growth written by United States. Congress. Joint Economic Committee and published by . This book was released on 1958 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pt.1. Includes first report of the British Council on Prices, Productivity and Income, 1958 (p. 163-241)

The Relationship of Prices to Economic Stability and Growth

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Publisher :
ISBN 13 :
Total Pages : 298 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Relationship of Prices to Economic Stability and Growth by : United States. Congress. Joint Economic Committee

Download or read book The Relationship of Prices to Economic Stability and Growth written by United States. Congress. Joint Economic Committee and published by . This book was released on 1958 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Relationship of Prices to Economic Stability and Growth

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Publisher :
ISBN 13 :
Total Pages : 736 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Relationship of Prices to Economic Stability and Growth by : United States. Congress. Economic Joint Committee

Download or read book The Relationship of Prices to Economic Stability and Growth written by United States. Congress. Economic Joint Committee and published by . This book was released on 1958 with total page 736 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Relationship of Prices to Economic Stability and Growth

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Publisher :
ISBN 13 :
Total Pages : 738 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis The Relationship of Prices to Economic Stability and Growth by : U. S. Congress Joint Economic Committee Staff

Download or read book The Relationship of Prices to Economic Stability and Growth written by U. S. Congress Joint Economic Committee Staff and published by . This book was released on 1958 with total page 738 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Great Inflation

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Publisher : University of Chicago Press
ISBN 13 : 0226066959
Total Pages : 545 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis The Great Inflation by : Michael D. Bordo

Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Inflation

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Publisher : University of Chicago Press
ISBN 13 : 0226313255
Total Pages : 302 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis Inflation by : Robert E. Hall

Download or read book Inflation written by Robert E. Hall and published by University of Chicago Press. This book was released on 2009-05-15 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Inflation and UK Monetary Policy

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Publisher : Heinemann
ISBN 13 : 9780435332136
Total Pages : 132 pages
Book Rating : 4.3/5 (321 download)

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Book Synopsis Inflation and UK Monetary Policy by : Mark Russell

Download or read book Inflation and UK Monetary Policy written by Mark Russell and published by Heinemann. This book was released on 1999 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text is part of a series which reflects the changing face of the economic climate and business world. It is specifically focused to the needs of AS, A level and first year undergraduate students. It includes a more European and global perspective.

Toward an Explanation of National Price Levels

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Toward an Explanation of National Price Levels by : Irving B. Kravis

Download or read book Toward an Explanation of National Price Levels written by Irving B. Kravis and published by . This book was released on 1983 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The purpose of this paper is to call attention to the need for a theory of comparative national price levels and to explore some of the elements that seem to belong to such a theory. Most theoretical discussions have maintained that national price levels tend towards equality and focus on presumably temporary divergences from equality. Yet strong evidence has been accumulating that there are large and long-standing differences inprice levels, the highest of which are more than twice those of countries with the lowest prices. Long-run price level differences are most clearly related to levels of real per capita output, with richer countries having higher price levels.These differences have been explained as resulting from greater advantages in productivity for the wealthier countries in goods production, mostly tradable, than in services production, mostly nontradable. The differences in relative productivity may be in total factor productivity or only in labor productivity, reflecting the greater capital intensity of goods production and possibly a higher elasticity of substitution between capital and labor in goods production.We find in the empirical analysis that a large part of the differences in price levels can be explained by structural factors such as real GDP per capita, the degree of openness of the economy, and the share of nontradable goods in output. The only non-structural factor emerging from a preliminary analysis of several of these was the rate of growth of the quantity of money"--NBER website

Economic Behaviour and Policy Choice Under Price Stability

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Publisher :
ISBN 13 :
Total Pages : 612 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Economic Behaviour and Policy Choice Under Price Stability by : Bank of Canada

Download or read book Economic Behaviour and Policy Choice Under Price Stability written by Bank of Canada and published by . This book was released on 1994 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proceedings of a conference in which papers were given by five Bank of Canada employees and five academics. The papers covered the role played by an economy's institutional fabric in judging the various arguments about the optimal rate of inflation; how monetary policy should be formulated once a low-inflation outcome has been achieved and whether it should be zero inflation or price-level stability; how the concepts of credibility and learning figure into the policy formulation problem; understanding the inflation-generating process; the possibility of a continuing policy problem after the establishment of price stability that centres around the variability of prices and inflation; and whether fiscal and monetary policy interact differently with price stability or low inflation. Also included are responses and a general discussion.

Inflation Expectations

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Publisher : Routledge
ISBN 13 : 1135179778
Total Pages : 402 pages
Book Rating : 4.1/5 (351 download)

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Book Synopsis Inflation Expectations by : Peter J. N. Sinclair

Download or read book Inflation Expectations written by Peter J. N. Sinclair and published by Routledge. This book was released on 2009-12-16 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.

The Distributional Implications of the Impact of Fuel Price Increases on Inflation

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Publisher : International Monetary Fund
ISBN 13 : 1616356154
Total Pages : 34 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis The Distributional Implications of the Impact of Fuel Price Increases on Inflation by : Mr. Kangni R Kpodar

Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.

IMF Staff Papers

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Publisher : International Monetary Fund
ISBN 13 : 1451956029
Total Pages : 229 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff Papers by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1963-01-01 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses effects of inflation on economic development. A mild inflation may well encourage little, or no, evasion of the “inflation tax.” On the other hand, a strong inflation, and frequently a mild one also, will lead to community reactions which have effects like those of widespread tax evasion. A development policy may have wider aims than the encouragement of a high level of investment. Inflation has two effects on the desire for liquidity, which are related to the two basic reasons why individuals and businesses wish to hold liquid assets—the speculative and precautionary motives. Inflation increases the value of effective liquidity, thereby raising the community's desire for it, but it makes the most generally accepted store of liquidity unacceptable sources of protection. The control of inflation is only one of the problems facing a government wishing to encourage rapid economic development. The fight against illiteracy, the reform of bureaucratic practices, the building of basic sanitary facilities for the eradication of endemic diseases, the substitution of competitive for monopolistic trade practices, the encouragement of a widespread spirit of entrepreneurship, and the creation of an adequate amount of social capital, may be important prerequisites for rapid growth.

The Behavior of Prices

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Publisher :
ISBN 13 :
Total Pages : 608 pages
Book Rating : 4.:/5 (34 download)

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Book Synopsis The Behavior of Prices by : Frederick Cecil Mills

Download or read book The Behavior of Prices written by Frederick Cecil Mills and published by . This book was released on 1927 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Costs and Benefits of Price Stability

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Publisher : University of Chicago Press
ISBN 13 : 0226241769
Total Pages : 374 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis The Costs and Benefits of Price Stability by : Martin Feldstein

Download or read book The Costs and Benefits of Price Stability written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-12-01 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confronting the Fed and its counterparts is how to proceed in this newly benign economic environment: Should monetary policy seek to maintain a rate of low-level inflation or eliminate inflation altogether in an effort to attain full price stability? In a seminal article published in 1997, Martin Feldstein developed a framework for calculating the gains in economic welfare that might result from a move from a low level of inflation to full price stability. The present volume extends that analysis, focusing on the likely costs and benefits of achieving price stability not only in the United States, but in Germany, Spain, and the United Kingdom as well. The results show that even small changes in already low inflation rates can have a substantial impact on the economic performance of different countries, and that variations in national tax rules can affect the level of gain from disinflation.

Less Than Zero

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781495294280
Total Pages : 82 pages
Book Rating : 4.2/5 (942 download)

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Book Synopsis Less Than Zero by : George Selgin

Download or read book Less Than Zero written by George Selgin and published by Createspace Independent Publishing Platform. This book was released on 2014-01-22 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: LARGE PRINT EDITION! More at LargePrintLiberty.com. This book sets out to explain the complexity of why increased production does not that always bring with it lower prices. According to the book, those who look upon monetary expansion as a way to eradicate almost all unemployment fail to appreciate that persistent unemployment is a non-monetary or 'natural' economic condition, which no mount of monetary medicine can cure. Selgin explores the differences between these monetary and natural conditions, and proposes solutions of his own.