The conquest of American inflation
In The Conquest of American Inflation, Thomas J. Sargent presents an analysis of the rise and fall of U.S. inflation after 1960. He examines two broad explanations for the behavior of inflation and unemployment in this period: the natural rate hypothesis joined to the Lucas critique and a more tradi...
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| Format: | eBook |
| Language: | English |
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Princeton, N.J. ; Oxford :
Princeton University Press,
2002.
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| Series: | Book collections on Project MUSE.
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| Subjects: | |
| Online Access: | CONNECT CONNECT |
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| 100 | 1 | |a Sargent, Thomas J. | |
| 245 | 1 | 4 | |a The conquest of American inflation |c Thomas J. Sargent. |
| 260 | |a Princeton, N.J. ; |a Oxford : |b Princeton University Press, |c 2002. | ||
| 300 | |a 1 online resource | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 504 | |a Includes bibliographical references (pages 137-144) and indexes. | ||
| 505 | 0 | 0 | |t The rise and fall of U.S. inflation -- |t Ignoring the Lucas critique -- |t The credibility problem -- |t Credible government policies -- |t Adaptive expectations (1950's) -- |t Optimal misspecified beliefs -- |t Self-confirming equilibria -- |t Adaptive expectations (1990's) -- |t Econometric policy evaluation -- |t Triumph or vindication? |
| 520 | |a In The Conquest of American Inflation, Thomas J. Sargent presents an analysis of the rise and fall of U.S. inflation after 1960. He examines two broad 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. His purpose is not only to determine which is the better account, but also to codify for the benefit of the next generation the economic forces that cause inflation. Providing an original methodological link between theoretical and policy economics, this book will engender much debate and become an indispensable text for academics, graduate students, and professional economists. | ||
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| 776 | 0 | 8 | |i Print version: |a Sargent, Thomas J. |t Conquest of American inflation. |d Princeton, N.J. : Princeton University Press, ©1999 |z 0691004145 |z 9780691004143 |w (DLC) 98038410 |w (OCoLC)39658801 |
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