Theories of Inflation (Cambridge Surveys of Economic Literature)

A survey of the new theories of inflation that have developed over the past two decades in response to the inflationary pressures experienced by Western countries examines the shifting debate from explaining inflation as a "causal" process to explaining its increase as a result of constantly changing expectations. Based on: Die neue Inflationstheorie. Göttingen : Vandenhoeck und Ruprecht, 1980.Includes indexes. Bibliography: p. 250-258