The New Inflation: Causes, Effects, CuresStudy of the causes, economic implications and future trends of inflation in the USA, with particular reference to economic policy priorities - covers trade union wages 'push', price policy, credit, price stabilization, unemployment, etc. References and statistical tables. |
Contents
THE OUTLOOK FOR CONTINUING INFLATION | 39 |
THE GOALS OF ANTIINFLATION POLICY | 53 |
POLICY FOR AN AGE OF INFLATION | 65 |
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accounting aggregate demand analysis Arthur Okun billion bonds businesses businessmen cent clearly companies constant-purchasing-power consumer continuing inflation 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 gold standard government policy gross national product Henry Wallich high employment higher prices households 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 sumer 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 World War II ΙΟ