From an award-winning professor of economics, an accessible and comprehensive introduction to what causes, and what can address, increases in the cost of living.
Anyone who has balked at the price of a carton of eggs or lamented the cost of a tank of gas in the past five years has experienced the sting of inflation. What causes inflation? When has it surged historically? And which policies best address it? In this concise and timely volume, economist Martha Olney explains what inflation is, its patterns over time, its underlying causes, the controversial Phillips Curve and its possible relevance, anti-inflation policy, and more. From the obvious rise in the cost of living to the more discreet decrease in quality of goods and services, Olney provides an indispensable introduction to the concept of inflation and what we can do to address its effects.
Chapter 1 Inflation: Impact, Measurement, Terminology, and some Technical Details
Chapter 2 Historical Patterns of Inflation
Chapter 3 What Causes Inflation?
Chapter 4 The Phillips Curve
Chapter 5 Anti-Inflation Policy
Chapter 6 Applying What We Have Learned
“Written in accessible language with plenty of practical applications of economic theory, this book will appeal to readers seeking to understand inflation and the tools used by the Federal Reserve to manage it.” – Jennifer Michaelson for Booklist
From an award-winning professor of economics, an accessible and comprehensive introduction to what causes, and what can address, increases in the cost of living.
Anyone who has balked at the price of a carton of eggs or lamented the cost of a tank of gas in the past five years has experienced the sting of inflation. What causes inflation? When has it surged historically? And which policies best address it? In this concise and timely volume, economist Martha Olney explains what inflation is, its patterns over time, its underlying causes, the controversial Phillips Curve and its possible relevance, anti-inflation policy, and more. From the obvious rise in the cost of living to the more discreet decrease in quality of goods and services, Olney provides an indispensable introduction to the concept of inflation and what we can do to address its effects.
Table of Contents
Chapter 1 Inflation: Impact, Measurement, Terminology, and some Technical Details
Chapter 2 Historical Patterns of Inflation
Chapter 3 What Causes Inflation?
Chapter 4 The Phillips Curve
Chapter 5 Anti-Inflation Policy
Chapter 6 Applying What We Have Learned
Photos
Praise
“Written in accessible language with plenty of practical applications of economic theory, this book will appeal to readers seeking to understand inflation and the tools used by the Federal Reserve to manage it.” – Jennifer Michaelson for Booklist
