Economic Theory of Inflation

Emerson Jackson

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: This paper explores the Economic Theory of Inflation, meticulously progressing from fundamental concepts to intricate mathematical models. Investigating causes and consequences, the study draws on pertinent economic theories and empirical evidence. Key findings elucidate the multifaceted nature of inflation, considering Demand-Pull, Cost-Push, and Phillips Curve theories. Mathematical models, including the Fisher Equation and Adaptive Expectations Model, offer quantitative insights into inflation dynamics and expectations. The paper culminates by addressing the imperative of effective economic management, advocating a judicious mix of monetary and fiscal strategies for achieving price stability and sustainable economic growth. The synthesis of economic theory, empirical analysis, and policy considerations contributes to an informed and nuanced understanding of the Economic Theory of Inflation, crucial for policymakers navigating the complexities of contemporary economies.

Keywords: Inflation; Economic Theory; Inflation Control (search for similar items in EconPapers)
JEL-codes: E31 E52 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-his and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:280999

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