Inflation : roles, targeting, and dynamics
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Bibliographic Information
Inflation : roles, targeting, and dynamics
Nova Science Publishers, c2008
- : hardcover
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Includes bibliographical references and index
Description and Table of Contents
Description
Inflation is the rise in the amount of money circulating in a given economy over a period of time resulting in a general rise in prices. It is measured as the percentage rate of change of a price index. Mainstream economists overwhelmingly agree that high rates of inflation are caused by high rates of growth of the money supply. Views on the factors that determine moderate rates of inflation, especially in the short run, are more varied: changes in inflation are sometimes attributed mostly to changes in real demand for goods and services or fluctuations in available supplies (i.e. changes in scarcity), and sometimes to changes in the supply or demand for money. In the mid-twentieth century, two camps disagreed strongly on the main causes of inflation (at moderate rates): the "monetarists" argued that money supply dominated all other factors in determining inflation, while "Keynesians" argued that real demand was often more important than changes in the money supply. A variety of inflation measures are in use, because there are many different price indices, designed to measure different sets of prices that affect different people. Two widely known indices for which inflation rates are commonly reported are the Consumer Price Index (CPI), which measures nominal consumer prices, and the GDP deflator, which measures the nominal prices of goods and services produced by a given country or region. This book presents the latest research in the field.
Table of Contents
- Preface
- The Role of the Exchange Rate in Inflation Targeting: A Case Study of Korea
- Inflation Targeting and Trade Deficits: Thoughts for the Visegrad Four
- Does the Adoption of Inflation Targeting Affect Market Volatility? The Case of Israel
- Inflation, Deflation and Employment: A Macrodynamic Approach
- The Effects of Exchange Rate Fluctuations on Price: Evidence from Developing Countries
- The Benign Evolution of Inflation in the Recent Decades and the Role of Productivity Growth
- Is the US inflation rate a persistent variable?
- Inflation, Unemployment, Labor Force Change in European Countries
- On the Linkages between Monetary Policy, Inflation, Output and Unemployment in the Euro Zone
- Index.
by "Nielsen BookData"
