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The Conquest of American Inflation

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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

Sprache
Erscheinungsdatum
2001
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Titel
The Conquest of American Inflation
Sprache
Englisch
Erscheinungsdatum
2001
Einband
Paperback
Seitenzahl
168
ISBN13
9780691090122
Reihe
Bewertung
5 von 5 Sternen
Beschreibung
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.