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The Conquest of American Inflation
Thomas J. Sargent
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Description for The Conquest of American Inflation
Paperback. 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. Num Pages: 168 pages, 25 line illus., 6 tables. BIC Classification: 1KBB; KCBM; KCH; KCP. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 158 x 234 x 11. Weight in Grams: 248.
In the past fifteen years, inflation has been conquered by many advanced countries. History reveals, however, that it has been conquered before and returned. In The Conquest of American Inflation, Thomas J. Sargent presents a groundbreaking 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 ... Read more
In the past fifteen years, inflation has been conquered by many advanced countries. History reveals, however, that it has been conquered before and returned. In The Conquest of American Inflation, Thomas J. Sargent presents a groundbreaking 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 ... Read more
Product Details
Format
Paperback
Publication date
2001
Publisher
Princeton University Press United States
Number of pages
168
Condition
New
Number of Pages
168
Place of Publication
New Jersey, United States
ISBN
9780691090122
SKU
V9780691090122
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Thomas J. Sargent
Thomas J. Sargent is Donald Lucas Professor of Economics, Stanford University, and Senior Fellow at the Hoover Institution at Stanford. He is the author of many articles and books on macroeconomic theory, most recentlyBounded Rationality in Macroeconomics.
Reviews for The Conquest of American Inflation
"This book illustrates Sargent's great curiosity and honesty... [Here] the reader gets a lucid, penetrating inquiry into the "ifs and buts" of rational expectations (RE) and their implications for policy."
Peter Sinclair, The Times Higher Education Supplement "A lucid, penetrating inquiry into the 'ifs and buts' of rational expectations and their implications for policy... This book illustrates Sargent's great curiosity and ... Read more
Peter Sinclair, The Times Higher Education Supplement "A lucid, penetrating inquiry into the 'ifs and buts' of rational expectations and their implications for policy... This book illustrates Sargent's great curiosity and ... Read more