Inflation: Causes and Effects

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Robert E. Hall
University of Chicago Press, May 15, 2009 - Business & Economics - 300 pages
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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.

 

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Contents

Introduction
1
Evidence from Fourteen Historical Episodes
11
2 The Ends of Four Big Inflations
41
3 United States Inflation and the Choice of Monetary Standard
99
4 Explorations in the Gold Standard and Related Policies for Stabilizing the Dollar
111
5 The Effect of Inflation on the Private Pension System
123
6 The Disruptive Effect of Inflation on the Organization of Markets
139
7 Inflation Capital Taxation and Monetary Policy
153
9 United States Inflation and the Dollar
189
Trends Correlates and Political Implications
211
11 Inflation Corporate Profits and the Rate of Return to Capital
233
12 The Anatomy of DoubleDigit Inflation in the 1970s
261
List of Contributors
283
Author Index
285
Subject Index
287
Copyright

8 Adapting to Inflation in the United States Economy
169

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About the author (2009)

He is a professor of economics at Stanford University & senior fellow at the Hoover Institution. He has served as a consultant to companies such as Napster, Apple & Oracle.

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