Conquest of american inflation, the
Auteur :
Sargent, Thomas J.
Éditeur :
Princeton University Press
ISBN :
9780691090122
Date de publication :
2 déc. 2001
Dimensions :
23,5 x 15,2 cm
Poids :
255 g
Format :
Trade paperback (US)
Langue :
Anglais
Pays d'origine :
USA
Presents an analysis of the rise and fall of US inflation after 1960. This book examines two explanations for the behavior of inflation and unemployment in this period: the natural-rate hypothesis joined to the Lucas critique and a more traditional econometric policy evaluation modified to include adaptive expectations and learning.