Titlebook: Inflation: Theory and Policy; A. J. Hagger Book 1977 A. J. Hagger 1977 flat.Inflation.policy

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Empirical Studies of the Price Equation,in the modern theory of inflation. One of these is the ‘price equation’ — a relationship which sets out to explain either the level of prices, or the rate of increase of prices, in the mark-up sector as a whole or in some sub-sector of the mark-up sector. The other is the ‘wage equation’, which is a

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Policy Against Inflation: Demand Management,heck inflation — within the context of a developed market economy. Obviously one cannot begin to suggest ways of checking inflation unless one has some idea of how inflation is caused. This being so, the starting-point for the development of anti-inflation policy in a developed economy must be an an

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Inflation in Developing Countries,cts of the question, ‘What causes inflation in developed economies?’ and emerged with a concise and fairly straightforward working answer — the three-equation expectational model of the inflationary process presented in Section 7.1. In Chapters 7–9 we put this model to work, its role being to provid

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Hyperinflation,o the economist, however, the term ‘hyperinflation’ means much more than this. Throughout the 1950s and the 1960s the average inflation rate in the advanced industrial countries was, in general, well below 10 per cent per annum. Judged by this standard the inflation rates of around 20 per cent per a

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Conclusion,ity of current research, this corpus is bound to undergo marked changes, even in the next few years. It is not at all easy to predict the direction which these changes will take. Nevertheless in this concluding chapter we shall make the attempt. More precisely, we shall try to identify that part of

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