The new inflation: causes, effects, cures
In this concise study of inflation, the eminent economist considers the political and ethical issues involved and suggests possible measures for achieving monetary stability. Bibliogs
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THE OUTLOOK FOR CONTINUING INFLATION
THE GOALS OF ANTIINFLATION POLICY
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accounting aggregate demand analysis Arthur Okun billion bonds businesses businessmen cent clearly companies constant-purchasing-power consumer continuing inflation corporate profits cost-of-living index cost-push costs creditors debt debtor depreciation economists effects of inflation evidence excess income claims expectations exposed to inflation Federal Reserve flation force Gardner Ackley gold standard government policy gross national product Henry Wallich high employment higher prices households hyperinflations income groups income shares incomes policies inflation anticipation interest rates inventory investment James Stephenson labor less ment moderate inflation monetary assets monetary-fiscal policy nomic period persistent inflation Phillips curve ployment price increases price index price-level stability prices rise problem real output real purchasing power reasonable recent redistributional relative rising prices shift stable money stable price level stable-price-level policy stimulate substantial tion unem unemployed unemployment unions United value of money wage increases wage lag wage share wage-price wages and prices wages and salaries workers World