Inflation and Unemployment Theory, Experience and Policy Making [Paperback]

Originally published in 1985 and contributed to by internationally renowned economists, this volume discusses theoretical issues and country-specific experiences to review the underlying causes of the stagflation of the 1970s and early 1980s, as well as summarizing the kinds of macro-policies that were adopted to deal with the stagflation.

 

1. Introduction Part 1: Theory and General Issues2. Costs and Benefits of an Anti-Inflationary Policy: Questions and Issues Willem H. Buiterand Marcus H. Miller3. Contracts, Credibility and Disinflation Stanley Fischer4. The Design of Monetary and Fiscal Policy: Monetarism and Supply-Side Economics Victor Argy5. Some Macroeconomic Implications of Wage Indexation: A Survey Jeffrey Carmichael, Jerome Fahrerand John HawkinsPart 2: Experience in Developed Countries6. Fiscal and Monetary Strategy in OECD Countries: A Review of Recent Experiences Jean-Claude Chouraquiand Robert Price7. Some Conclusions from Incomes Policy Experience in Industrial Countries Anne Romanis Braun8. Government Policies Towards Inflation and Unemployment in West Germany Manfred Willmsand Ingo Karsten9. Lessons from the Macroeconomic Performance of the Japanese Economy K. Hamada 10. Inflation in the United Kingdom M. J. Artisand M. K. Lewis11. Inflation and Unemployment in the United States: Recent Experience and Policies 12. Adjustment Performance of Small Open Economies: Some International Comparisons W. D. McClamand P. S. AndersenPart 3: The Particular Case of Australia13. The Australian Economy in the 1930s and 1980s: Some Facts P. D. Jonsonand G. R. Stevens14. Monetary and Fiscal policy in Australia J. R.lÃ-