Download or read book Inflation and the Theory of Money written by R. J. Ball and published by Routledge. This book was released on 2017-07-12 with total page 459 pages. Available in PDF, EPUB and Kindle. Book excerpt: Martin Bronfenbrenner in the Journal of Finance had this to say when the book was first released "A thoughtful, scholarly, and systematic treatise on the economics of inflation. If this reviewer were asked to hang a course on inflation theory upon one single text, it would almost certainly be this one." The principal concern of this book is to set out the elements that enter into problems of analyzing inflation. This detailed, readable review of contemporary theory on the problems of inflation fills an important gap in the literature on macro-economics that: 1) assesses the implications of inflationary processes for economic policy; 2) synthesizes a general framework within which to illustrate inflationary processes; 3) reconciles the approaches of "demand inflation" and "cost inflation"; and 4) analyzes the determination and behavior of the general price level in an exchange economy. The first part of the book reviews neo-classical and "Keynesian" type models of the closed macro-economy, analyzes determination of the general price level, and introduces a restatement of conventional employment theory with emphasis on the general price level. The second part considers the problems of price and wage determinations and the demand for money in more detail, synthesizing the analyses into a model of the macro-economy and discussing the implications of this model and the preceding analysis for economic policy. Describing alternative approaches to the theory of inflation, each of which has resulted in partial theories, the book avoids fragmentary explanations by setting the entire discussion in the context of a macro-economic general equilibrium framework.
Download or read book A Study in the Theory of Inflation written by Bent Hansen and published by Routledge. This book was released on 2016-04-28 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, originally published in 1951, is a theoretical study inspired by some central economic problems which have appeared during and after the Second World War in many countries, including Scandinavia. It develops a monetary theory for repressed inflation, gives a number of definitions and concepts and explains the connection between the concepts. The investigation of the problems of repressed inflatin also serve as an introduction to the study of open inflation.
Download or read book Inflation and String Theory written by Daniel Baumann and published by Cambridge University Press. This book was released on 2015-04-23 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past two decades have seen transformative advances in cosmology and string theory. Observations of the cosmic microwave background have revealed strong evidence for inflationary expansion in the very early universe, while new insights about compactifications of string theory have led to a deeper understanding of inflation in a framework that unifies quantum mechanics and general relativity. Written by two of the leading researchers in the field, this complete and accessible volume provides a modern treatment of inflationary cosmology and its connections to string theory and elementary particle theory. After an up-to-date experimental summary, the authors present the foundations of effective field theory, string theory, and string compactifications, setting the stage for a detailed examination of models of inflation in string theory. Three appendices contain background material in geometry and cosmological perturbation theory, making this a self-contained resource for graduate students and researchers in string theory, cosmology, and related fields.
Download or read book The Fiscal Theory of the Price Level written by John H. Cochrane and published by Princeton University Press. This book was released on 2023-01-17 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive account of how government deficits and debt drive inflation Where do inflation and deflation ultimately come from? The fiscal theory of the price level offers a simple answer: Prices adjust so that the real value of government debt equals the present value of taxes less spending. Inflation breaks out when people don’t expect the government to fully repay its debts. The fiscal theory is well suited to today’s economy: Financial innovation undermines money demand, and central banks don’t control the money supply or aggressively change interest rates, invalidating classic theories, while large debts and deficits threaten inflation and constrain monetary policy. This book presents a comprehensive account of this important theory from one of its leading developers and advocates. John Cochrane aims to make fiscal theory useful as a conceptual framework and modeling tool, and for analyzing history and policy. He merges fiscal theory with standard models in which central banks set interest rates, giving a novel account of monetary policy. He generalizes the theory to explain data and make realistic predictions. For example, inflation decreases in recessions despite deficits because discount rates fall, raising the value of debt; specifying that governments promise to partially repay debt avoids classic puzzles and allows the theory to apply at all times, not just during periods of high inflation. Cochrane offers an extensive rethinking of monetary doctrines and institutions through the eyes of fiscal theory, and analyzes the era of zero interest rates and post-pandemic inflation. Filled with research by Cochrane and others, The Fiscal Theory of the Price Level offers important new insights about fiscal and monetary policy.
Download or read book Theories of Inflation written by Helmut Frisch and published by Cambridge University Press. This book was released on 1983 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Inflationary Universe written by Alan Guth and published by Basic Books. This book was released on 1998-03-18 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the compelling, first-hand account of Alan Guth's paradigm-breaking discovery of the origins of the universe—and of his dramatic rise from young researcher to physics superstar. Guth's startling theory—widely regarded as one of the most important contributions to science during the twentieth century—states that the big bang was set into motion by a period of hyper-rapid “inflation,” lasting only a billion-trillion-billionth of a second. The Inflationary Universe is the passionate story of one leading scientist's effort to look behind the cosmic veil and explain how the universe began.
Download or read book Inflation and the Theory of Money written by Robert James Ball and published by London : G. Allen & Unwin. This book was released on 1973 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Martin Bronfenbrenner in the Journal of Finance had this to say when the book was first released: "A thoughtful, scholarly, and systematic treatise on the economics of inflation. If this reviewer were asked to hang a course on inflation theory upon one single text, it would almost certainly be this one." The principal concern of this book is to set out the elements that enter into problems of analyzing inflation. This detailed, readable review of contemporary theory on the problems of inflation fills an important gap in the literature on macro-economics that: 1) assesses the implications of inflationary processes for economic policy; 2) synthesizes a general framework within which to illustrate inflationary processes; 3) reconciles the approaches of "demand inflation" and "cost inflation"; and 4) analyzes the determination and behavior of the general price level in an exchange economy.
Download or read book Inflation Theory in Economics written by Max Gillman and published by Routledge. This book was released on 2009-03-23 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: These essays bring together a progression in monetary theory. The major theme that runs through all of the chapters is that in order to do monetary economics well in general equilibrium, it helps to have a good money demand underlying the theory. A proper underlying money demand sets up arguably the best foundation from which to make extensions of monetary economics from the basic model. At the same time that money demand is modelled, this also “endogenizes” the velocity of money. This has been a challenge in the literature that these essays solve and then use to extend basic neoclassical growth and business cycle theory. Solving this problem, in a way that is a natural, direct, and “micro-founded” extension of the standard monetary theory is the first major contribution of the collection. The second major contribution is the extension of the neoclassical monetary models, using this solution, to reinvigorate classic issues of monetary economics and take them to the frontier.
Download or read book Monetary Theory written by Robert A. Mundell and published by . This book was released on 1971 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Theory of Inflation written by J. I. Laliwala and published by Stosius Incorporated/Advent Books Division. This book was released on 1983-11-01 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Particle Physics and Inflationary Cosmology written by Andrei Linde and published by CRC Press. This book was released on 1990-05-17 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: A monograph on inflationary cosmology and cosmological phase transitions, investigating modern cosmology's relationship to elementary particle physics. This work also includes a non-technical discussion of inflationary cosmology for those unfamiliar with the theory.
Download or read book An Infinity of Worlds written by Will Kinney and published by MIT Press. This book was released on 2023-10-03 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: What happened before the primordial fire of the Big Bang: a theory about the ultimate origin of the universe. In the beginning was the Big Bang: an unimaginably hot fire almost fourteen billion years ago in which the first elements were forged. The physical theory of the hot nascent universe—the Big Bang—was one of the most consequential developments in twentieth-century science. And yet it leaves many questions unanswered: Why is the universe so big? Why is it so old? What is the origin of structure in the cosmos? In An Infinity of Worlds, physicist Will Kinney explains a more recent theory that may hold the answers to these questions and even explain the ultimate origins of the universe: cosmic inflation, before the primordial fire of the Big Bang. Kinney argues that cosmic inflation is a transformational idea in cosmology, changing our picture of the basic structure of the cosmos and raising unavoidable questions about what we mean by a scientific theory. He explains that inflation is a remarkable unification of inner space and outer space, in which the physics of the very large (the cosmos) meets the physics of the very small (elementary particles and fields), closing in a full circle at the first moment of time. With quantum uncertainty its fundamental feature, this new picture of cosmic origins introduces the possibility that the origin of the universe was of a quantum nature. Kinney considers the consequences of eternal cosmic inflation. Can we come to terms with the possibility that our entire observable universe is one of infinitely many, forever hidden from our view?
Download or read book An Analysis and History of Inflation written by Don Paarlberg and published by Praeger. This book was released on 1993 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This history and analysis examines fifteen great inflations--from Ancient Rome to the French Revolution to post-World War I Germany to modern-day Brazil--to provide an understanding of the causes of inflation. A unique feature of the book is the evidence presented that a moderate degree of inflation is usually accompanied by increased economic activity. Contrary to the views of many, moderate inflation appears to be welcomed by most people and assists in returning incumbent political leaders to power. In addition, the money illusion, the belief that money has constant value over time, is shown by the author to be grievously in error. Presenting views which are at odds with much of mainstream economics, Paarlberg concludes that inflation is caused by an excess of money, and since the creation of money is a government monopoly,governments are responsible for inflation. Additionally, various macroeconomic theories are unable to account for gyrations of production and prices. The best explanation for these matters, therefore, is to be found in institutional economics, which takes into regard whatever forces exist rather than focusing on a select few while purporting to hold others constant. This thoughtful work will be of interest to scholars, students, and laypersons in economics and economic history.
Download or read book The Economics of High Inflation written by Paul Beckerman and published by Springer. This book was released on 1991-11-13 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the complex of economic processes which sustains inflationary pressure in nations with severe inflation problems. Paul Beckerman uses an innovative approach to study the strategies inhabitants of economies with lengthy inflation experience use to maintain their purchasing power despite inflation. He examines how these tactics function as 'feedback mechanisms', economic processes by which inflation in any given time period generates inflationary pressure in subsequent periods, and how they complicate the efforts of policy-makers to achieve stabilization.
Download or read book Classical Theories of Money Output and Inflation written by Roy Green and published by Springer. This book was released on 2016-07-27 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book challenges the conventional view that monetarism is a necessary part of classical economics and shows, in an historical account of monetary controversy, that the framework upon which classical analysis is based suggests an alternative account of the inflationary process. A corollary of the argument is that the monetarist approach is a logically necessary component of neoclassical analysis and that any attempt to criticise that approach in a fundamental way must involve an explicit rejection of the conceptual structure of neoclassical economics.
Download or read book Eternal Inflation written by Sergei Winitzki and published by Lulu.com. This book was released on 2019-07-23 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, I discuss the long-standing technical and conceptual problems arising within the statistical framework describing models of cosmological inflation, known collectively as the "measure problem" in multiverse cosmology. After reviewing various existing approaches and mathematical techniques developed in the past two decades for studying these issues, I describe a new proposal for a measure in the multiverse, called the reheating-volume (RV) measure. The RV measure is based on approximating an infinite multiverse by a family of progressively larger but finite multiverses. I give a detailed description of the new measure and its applications to generic models of eternal inflation of random-walk type and to landscape scenarios. The RV prescription is formulated differently for scenarios with eternal inflation of the random walk type and for landscape scenarios. I derive analytic formulas for RV-regulated probability distributions that is suitable for numerical computations.
Download or read book Inflationary Cosmology written by Martin Lemoine and published by Springer. This book was released on 2007-10-12 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some 25 years after the birth of inflationary cosmology, this volume sets out to provide both an authoritative and pedagogical introduction and review of the current state of the field. Readers learn about the arguments supporting the many different scenarios of cosmic inflation. Articles are written by eminent scientists, many of whom have made pioneering contributions to the field of inflationary cosmology.
