Download or read book Economics of Worldwide Stagflation written by Michael Bruno and published by . This book was released on 2013-10 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sets forth both a theory and a comparative empirical analysis of stagflation, that peculiar combination of high unemployment, slow growth, and spurts of high inflation bedeviling the advanced industrial nations during the past fifteen years. The authors first construct a small macroeconomic model that takes full account of aggregate demand and supply forces in the determination of output, employment, and the price level, in both a single-economy and a multi-economy setting. They then apply the model to provide an understanding of comparative performance of industrial countries in the areas of unemployment, inflation, productivity, and investment growth. They argue convincingly that the decay of the major economies during this period resulted from the supply shocks of the 1970s, such as the two major OPEC oil-price increases, and from the consequent policy-induced decrease in demand in response to inflationary pressures. Their analysis differs markedly from similar studies in that it takes specific account of institutional differences in the labor markets of the various economies. This helps to explain in particular the divergent adjustment profiles of the United States and Europe. Bruno and Sachs make several key recommendations for the mix of demand management and incomes policies necessary to combat stagflation in individual countries as well as for the coordination of macroeconomic policies among the major industrial nations.
Download or read book Economic Policy and the Great Stagflation written by Alan S. Blinder and published by Elsevier. This book was released on 2013-09-11 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Policy and the Great Stagflation discusses the national economic policy and economics as a policy-oriented science. This book summarizes what economists do and do not know about the inflation and recession that affected the U.S. economy during the years of the Great Stagflation in the mid-1970s. The topics discussed include the basic concepts of stagflation, turbulent economic history of 1971-1976, anatomy of the great recession and inflation, and legacy of the Great Stagflation. The relation of wage-price controls, fiscal policy, and monetary policy to the Great Stagflation is also elaborated. This publication is beneficial to economists and students researching on the history of the Great Stagflation and policy errors of the 1970s.
Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Download or read book The Share Economy written by Martin L. Weitzman and published by Harvard University Press. This book was released on 1984 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discussion of profit sharing as a means of combating cyclical unemployment and inflation (stagflation) in market economies - argues that profit sharing will produce full employment without inducing inflation; discusses marginal value economic theory of wages and its effect on the labour market; briefly examines advantages of profit sharing, employee Motivation, etc., and the need for accompanying tax reform. Bibliography.
Download or read book Reaganomics in the Stagflation Economy written by University of the South. Economics Department and published by University of Pennsylvania Press Anniversary Collection. This book was released on 1983 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mostly papers presented during the Third Annual Sewanee Economics Symposium, Oct. 1-3, 1981; sponsored by the Economics Dept. of the University of the South at Sewanee in cooperation with Sidney Weintraub, visiting appointee to the Kennedy Distinguished Professorship in Economics.
Download or read book Stagflation written by and published by . This book was released on 1980 with total page 850 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Rise and Decline of Nations written by Mancur Olson and published by Yale University Press. This book was released on 2022-01-01 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A compelling theory on the rationale for the changing fortunes of nations"--Publisher's website.
Download or read book Stagflation 2 Volumes Routledge Revivals written by Various and published by Routledge. This book was released on 2011-04-15 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprising Wage-Fixing (first published 1982), and Demand Management (first published 1983) this two volume reissued set is a vital and stimulating analysis of the causes and consequences of stagflation – a paralysing combination of mass unemployment and rapid inflation which affected a variety of economies across the developed world in the 1970s and early 1980s. Wage-Fixing, written by James Meade, deals primarily with the needed reform of wage-fixing institutions, contrasting the Great Depression of the 1930s with the Great Stagflation of the 1970s. Meanwhile Demand Management is devoted to the design of fiscal, monetary and foreign exchange-rate policies for the control of the money demand for the products of labour. This volume deals with the theory of demand management, feedback control and the creation of a dynamic model of the UK economy. Written in clear and accessible language, this reissue will appeal to the general reader as well as students of economics and professional economists. It should be required reading for all those who wish to learn the lessons of the Great Stagflation of the 1970s to avoid a repetition in the current economic climate.
Download or read book Our Stagflation Malaise written by Sidney Weintraub and published by Praeger. This book was released on 1981-07-30 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inflation and Unemployment written by United States. Congressional Budget Office and published by . This book was released on 1975 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Demand Management Routledge Revivals written by David A Vines and published by Routledge. This book was released on 2013-06-17 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1983, this is the second of two volumes on the causes and cure of stagflation – that combination of mass unemployment and rapid inflation that is currently afflicting the mixed economies of the industrially developed world. The authors deplore the unemployment due to the failure of governments to adopt Keynesian measures for the expansion of economic activity, but recognise that in present conditions such measures would lead to an unacceptable and explosive inflation of money wages and prices. They therefore advocate a dual strategy of financial policies for a steady expansion of total money incomes combined with individual wage rates set at levels to promote employment. The book is of importance for all those concerned with macroeconomic theory and policy. The description of the meaning of a New Keynesian policy and of the arguments for it have been written in a way which should be intelligible to policy-makers and students, and not only to economists with technical training. Professional macroeconomists will be interested not only in these sections but also in the fully specified macroeconomic model used to analyse New Keynesian policies in economic terms and to carry out a counterfactual re-running of history. In addition, the unusually detailed exposition of the application of control techniques to a difficult multivariable control problem also makes the book of interest to control engineers who wish to acquaint themselves with recent generalisations of classical frequency response methods.
Download or read book Reaganomics in the Stagflation Economy written by Sidney Weintraub and published by University of Pennsylvania Press. This book was released on 2017-01-30 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.
Download or read book The Problem of Stagflation written by Gottfried Haberler and published by AEI Studies. This book was released on 1985 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economics of Worldwide Stagflation written by Michael Bruno and published by Cambridge, Mass. : Harvard University Press. This book was released on 1985 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Textbook on theoretical aspects and empirical evidence of the relationship between economic recession, unemployment and inflation, with particular reference to OECD countries - develops an economic model to analyse supply and demand behaviour and economic implications of supply shocks; describes changing trends in productivity, labour utilization, investment, capital flow, etc.; studies structural change, labour market performance, wage determination, etc. Bibliography, graphs, statistical tables.
Download or read book Stagflation the Penalty of Speculative Production in a Multistage Economy written by Eric David Bovet and published by Lexington, Mass. : Lexington Books. This book was released on 1983 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Prices and Quantities written by Rakesh V. Vohra and published by Cambridge University Press. This book was released on 2020-02-20 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rakesh V. Vohra offers a unique approach to studying and understanding intermediate microeconomics by reversing the conventional order of treatment, starting with topics that are mathematically simpler and progressing to the more complex. The book begins with monopoly, which requires single variable rather than multivariable calculus and allows students to focus clearly on the fundamental trade-off at the heart of economics: margin versus volume. Imperfect competition and the contrast with monopoly follows, introducing the notion of Nash equilibrium. Perfect competition is addressed toward the end of the book, and framed as a model of non-strategic behavior by firms and agents. The last chapter is devoted to externalities, with an emphasis on how one might design competitive markets to price externalities and linking the difficulties to the problem of efficient provision of public goods. Real-life examples engage the reader while encouraging them to think critically about the interplay between model and reality.
Download or read book Inflation Stagflation Relative Prices and Imperfect Information written by Alex Cukierman and published by Cambridge University Press. This book was released on 1984-11-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professor Cukierman presents a summary view of the recent imperfect information approach to inflation and its real effects, focusing in particular on two types of informational limitations. The first involves situations in which individuals have asymmetric information about the current general price level and consequently confuse relative and aggregate changes in prices. The second considers models in which individuals cannot distinguish permanent from transitory changes in the economic environment. The book assumes no mathematical training beyond standard calculus and elementary statistics.
