Inflation Theory and Anti-Inflation Policy.

James Trevithick; Erik Lundberg

doi:10.2307/2232147

June 1, 1978The Economic Journal

Inflation Theory and Anti-Inflation Policy.

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Key Points

To synthesize macroeconomic models that explain the drivers of sustained price inflation and evaluate policy tools designed to restore economic stability.
Review of theoretical frameworks covering monetary expansion, wage-price dynamics, and structural market pressures.
Comparative analysis of macroeconomic policy mechanisms, including monetary restraint, fiscal policy adjustments, and direct price controls.
Macroeconomic frameworks indicate that persistent price level increases originate from combined demand-pull pressures and structural cost-push dynamics.
Policy analyses demonstrate that isolated monetary tightening is insufficient without complementary fiscal discipline to control inflationary expectations.

Abstract

James Trevithick; Lundberg (Erik), (Ed.). Inflation Theory and Anti-Inflation Policy, The Economic Journal, Volume 88, Issue 350, 1 June 1978, Pages 362–363, ht

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Trevithick et al. (1978) studied this question.

synapsesocial.com/papers/6a73162115f4b1b23e6a5e43 https://doi.org/10.2307/2232147

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Inflation Theory and Anti-Inflation Policy.

Key Points

Abstract

Discussion

Cite This Study

Inflation Theory and Anti-Inflation Policy.

Key Points

Abstract

Discussion

Cite This Study

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