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Diane Publishing Books
Essays on Inflation (5th ed.)
Thomas M. Humphrey (au). Consists of 22 articles on the subject of inflation, 20 of which originally appeared in the Fed. Res. Bank of Richmond’s “Econ. Review.” They summarize major issues in contemporary discussions of the inflation problem. Topics include: theories of inflation, reasons for its persistence, models of the inflationary transmission mechanism, the relationships between inflation & unemployment, the formulation of inflationary expectations, inflation & the demand for money, interest rates & inflation, internat. aspects of inflation under fixed & floating exchange rates, & the feasibility of alternative anti-inflationary policies. These topics are examined from the perspective of the history of econ. doctrines as well as from that of modern econ. analysis.
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