Definition and Measurement

A. J. Hagger
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A. J. Hagger: University of Tasmania

Chapter 1 in Inflation: Theory and Policy, 1977, pp 1-19 from Palgrave Macmillan

Abstract: Abstract The aim of this book is to give a comprehensive treatment of the problem of inflation. Thus the questions to be examined are: What are the causes of inflation? Why does it matter? How can it be stopped, or at least restrained? What other problems arise when action is taken to restrain inflation? Are these other problems so serious that it would be better, on balance, to allow a certain degree of inflation coupled with a comparatively small dose of these other problems than to have no inflation at all coupled with a somewhat larger dose of these other problems? If so, how large is the ‘certain degree’ of inflation that will have to be tolerated if the undesirable consequences of restraining inflation are to be kept within desirable limits?

Keywords: Price Index; Price Increase; Australian Economy; Excess Demand; Current Prex (search for similar items in EconPapers)
Date: 1977
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-15735-8_1

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DOI: 10.1007/978-1-349-15735-8_1

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