Titlebook: Inflation; P. J. Curwen Textbook 1976Latest edition P. J. Curwen 1976 economics.flat.Inflation.macroeconomics

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The Role of Expectationshe causes of inflation have become widespread. The first of these, to which detailed reference will be made in Chapter 8 entitled ‘The Role of the Trade Unons’, holds that the current inflation is caused by forces which were largely absent from the economy during the early 1960s. The second view, on

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International Aspects of Inflations domestic rate of inflation. There are two reasons in particular why this received comparatively little attention in previous decades. In the first place . was concerned primarily with an assessment of the impact of demand management in a ‘closed’ economy, that is in an economy whose dependence upo

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The Role of the Trade Unionspression of extreme viewpoints from economists and general public alike, although not necessarily for the same reasons. That this is so is far from surprising since it is manifestly true that unions do play an active role in the generation of inflation, in that it is they who actually demand higher

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Prices-and-Incomes Policy unions. During the post-war period the majority of governments in power have seen considerable merit in such policies despite a growing volume of evidence as to their inability to reduce the rate of inflation in anything other than the very short term. Both the current Labour administration and the

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Indexation rates as a supplementary form of inflation control. This interest in indexation stems in part from the adoption of threshold agreements under Stage 3 of the Counter-Inflation Act, and in part from a growing feeling that inflation cannot be suppressed and that the best thing to do in the circumstanc

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Conclusionchange rates; control over the money supply and over credit creation; reductions in direct and indirect taxation; cuts in public expenditure; improvements in labour-market institutions; and indexation. This may appear at first sight to be a rather complex and long-winded collection of policy measure

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