TAILIEUCHUNG - Lecture Macroeconomics (9/e): Chapter 18 - David C. Colander

Chapter 18 - Inflation, deflation, and macro policy. After reading this chapter, you should be able to: Discuss the definitions and measures of inflation and some of their problems, discuss the distributional effects and costs of inflation, summarize the inflation process and the quantity theory of money, define the Phillips curve relationship between inflation and unemployment. | The first few months or years of inflation, like the first few drinks, seem just fine. Everyone has more money to spend and prices aren’t rising quite as fast as the money that’s available. The hangover comes when prices start to catch up. ―Milton Friedman Inflation, Deflation, and Macro Policy Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter Goals Discuss the definitions and measures of inflation and some of their problems Discuss the distributional effects and costs of inflation Summarize the inflation process and the quantity theory of money Define the Phillips curve relationship between inflation and unemployment 2 Defining and Measuring Inflation Inflation is a continuous rise in the price level and is measured with price indexes Asset price inflation occurs when the prices of assets rise more than their “real” value Asset prices and goods prices don’t always move in tandem There is no measure of asset price inflation since it’s .

• Kinh tế học
• Lecture Macroeconomics
• Kinh tế vĩ mô
• Macroeconomic problems
• International macroeconomic policy issues
• Macro policy
• Macro policy
• Phillips curve
• Bài giảng Kinh tế vĩ mô
• Science of macroeconomics
• Data of macroeconomics
• Unemployment rate
• Inflation rate
• Principles of microeconomics
• Economic models
• Tools of microeconomics
• Microeconomic transactions
• Natural rate of unemployment
• Consumer price index
• National income
• Agriculture sector
• Agricultural policies
• Economic fluctuations
• Macroeconomic policy
• Business cycle theory