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Models of the Inflationary Process in Developed Economies

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

Chapter 2 in Inflation: Theory and Policy, 1977, pp 20-54 from Palgrave Macmillan

Abstract: Abstract As pointed out in the opening section of Chapter 1, one of the important problems to be discussed in this book is the problem of stopping inflation, or at least of keeping it within prescribed bounds. Clearly, however, we cannot hope to say anything useful about possible ways of curbing inflation until we know why it occurs. We must begin, therefore, by considering the question of the causes of inflation. This is our task in the present chapter.

Keywords: Inflation Rate; Time Path; Phillips Curve; Initial Situation; Money Balance (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_2

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DOI: 10.1007/978-1-349-15735-8_2

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