Last edited by Kazimi
Monday, May 11, 2020 | History

5 edition of Economic policy and the great stagflation found in the catalog.

Economic policy and the great stagflation

by Alan S. Blinder

  • 221 Want to read
  • 6 Currently reading

Published by Academic Press in New York .
Written in English

    Places:
  • United States,
  • United States.
    • Subjects:
    • Inflation (Finance) and unemployment -- United States.,
    • Econometrics.,
    • United States -- Economic policy -- 1971-1981.,
    • United States -- Economic conditions -- 1971-1981.

    • Edition Notes

      StatementAlan S. Blinder.
      SeriesEconomic theory, econometrics, and mathematical economics
      Classifications
      LC ClassificationsHC106.7 .B6
      The Physical Object
      Paginationxiii, 229 p. :
      Number of Pages229
      ID Numbers
      Open LibraryOL4418169M
      ISBN 100121061604
      LC Control Number79022301

      adjustments in economic policy designed to counteract small changes in economic outcomes growth recession is a period during which real GDP grows, but at a rate below the long-term trend of 3 percent.   It is like the difference between ‘red’ and ‘grapes’. One can describe the other (though not necessarily), but they are not really describing the same fundamental characteristic. A recession is a prolonged period (two economic quarters typically).

      Experts on the Japanese economy examine Japan's prolonged period of economic underperformance, analyzing the ways in which the financial system, monetary policy, and international financial factors contributed to its onset and duration. After experiencing spectacular economic growth and industrial development for much of the postwar era, Japan plunged abruptly into recession in the early s. As mentioned above, stagflation refers to a situation when a high rate of inflation occurs simul­taneously with a high rate of existence of a high rate of unemployment means the reduced level of GNP. Keynes put forward his theory of income and employment during the Great Depression of s, when a large percentage of labour force was rendered unemployed (almost 25%) in today.

      The years since World War II have seen rapid shifts in the relative positions of different countries and regions. Leading political economist Mancur Olson offers a new and compelling theory to explain these shifts in fortune and then tests his theory against evidence from many periods of history and many parts of the world."[T]his elegant, readable book sets out to explain why economies 5/5(1).   Stagflation was a term coined by Paul Samuelson to describe the combination of high inflation and high unemployment. The era of stagflation in America began in and ended in the early 80s. Why did it happen? Well, the textbooks basically invoke two factors. One was a series of “adverse supply shocks”, mainly the huge runup in the price.


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Economic policy and the great stagflation by Alan S. Blinder Download PDF EPUB FB2

Economic Policy and the Great Stagflation discusses the national economic policy and economics as a policy-oriented science. This book summarizes what economists do and do not know about the inflation and recession that affected the U.S.

economy during the years of the Great Stagflation in the mids. Economic Policy and the Great Stagflation (Economic Economic policy and the great stagflation book, econometrics, and mathematical economics) - Kindle edition by Blinder, Alan S.

Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Economic Policy and the Great Stagflation (Economic theory, econometrics, and mathematical economics).Manufacturer: Academic Press.

Description: Economic Policy and the Great Stagflation discusses the national economic policy and economics as a policy-oriented science.

This book summarizes what economists do and do not know about the inflation and recession that affected the U.S. economy during the years of the Great Stagflation in the mids. Economic Policy and the Great Stagflation discusses the national economic policy and economics as a policy-oriented science.

This book summarizes what economists do and do not know about the inflation and recession that affected the U.S. economy during the years of the Great Stagflation in the mids. The topics discussed include the basic concepts of stagflation, turbulent economic.

Economic Policy and the Great Stagflation discusses the national economic policy and economics as a policy-oriented science.

This book summarizes what economists do and do not know about the inflation and recession that affected the U.S. economy during the years of the Great Stagflation in the Edition: 1.

Additional Physical Format: Online version: Blinder, Alan S. Economic policy and the great stagflation. New York: Academic Press, © (OCoLC) Economic Policy and the Great Stagflation Paperback – Decem by Alan S. Blinder (Author) See all 6 formats and editions Hide other formats and editions.

Price New from Used from Kindle "Please retry" $ — Author: Alan S. Blinder. In the s, Keynesian economists had to reconsider their beliefs as the U.S. and other industrialized countries entered a period of stagflation. Stagflation is defined as slow economic growth.

In economics, stagflation or recession-inflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment. The term, a portmanteau of stagnation and inflation, is generally attributed to Iain Macleod, a British.

Stagflation: A condition of slow economic growth and relatively high unemployment – economic stagnation – accompanied by rising prices, or inflation, or inflation and a decline in Gross.

This is a highly informative book about the so-called Great inflation of the s. It is well written, relatively succinct, and non-technical. I wish the publishers could have made a Kindle edition available. The author makes clear that one of the prime causes of the Great Inflation was bad economic theory and bad policy-making.

This item:The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities by Mancur Olson Paperback $ Ships from and sold by FREE Shipping on orders over $ Details. The Logic of Collective Action: Public Goods and the Theory of Groups, With a New Preface and by Mancur Olson Paperback $Cited by:   Stagflation is an economic condition combining slow growth and relatively-high unemployment with rising prices, or inflation.

The standard macroeconomic remedies for inflation or unemployment are. Stagflation is costly and difficult to eliminate, both in social and fiscal terms. There are only a few examples in history. The most notable one occurred in the s in the United States. The onset of stagflation In the s was blamed on the US Federal Reserve’s unsustainable economic policy during the boom years of the late s and s.

A Monetary Explanation of the Great Stagflation of the s Robert Barsky, Lutz Kilian. NBER Working Paper No. Issued in February NBER Program(s):Monetary Economics The origins of stagflation and the possibility of its recurrence continue to be an important concern among policymakers and in the popular press.

FISCAL POLICY AND THE GREAT STAGFLATION | Page. between the first quarter of and the fourth quarter ofdisposable personal income actually rose by $ billion while government transfers payment increased by $ billion; in other words, percent of the rise in disposable personal income was accounted.

The term "stagflation"—an economic condition of both continuing inflation and stagnant business activity (i.e. recession), together with an increasing unemployment rate—described the new economic malaise in the 's pretty accurately.

Inflation seemed to feed on itself. People began to expect continued increases in the price of goods, so Author: Mike Moffatt.

For the Keynesians, in contrast, economic stabilization is the job of macroeconomic policy makers. Now, however, confronted with stagflation, the policy makers knew no answer. While doing away with unemployment would require expansive policies.

I'VE just read Tyler Cowen's new book, "The Great Stagnation".You should too; it's available online (only), quite short, and just $4. The publishing model is fascinating in its own right and worth. Stagflation is a combination of stagnant economic growth, high unemployment, and high inflation.

It's an unnatural situation because inflation is not supposed to occur in a weak economy. In a normal market economy, slow growth prevents inflation. As a result, consumer demand drops enough to keep prices from rising.

Gregory R. Duffee, in Handbook of the Economics of Finance, Recursive Utility. The fear of stagflation may be the reason investors require a premium to hold nominal bonds. Informally, we can think of stagflation as a persistent regime characterized by high inflation and low economic activity.The Great Depression and the occurrence of stagflation were two experiments that helped economists refine their ideas.

The financial crisis is a third. The crisis has been disruptive to economic theory because it has reminded us that free markets can fail in a spectacular way. Once again, policy makers are looking to Keynesian remedies.Economic policy and the great stagflation.

New York: Academic Press. MLA Citation. Blinder, Alan S. Economic policy and the great stagflation / Alan S. Blinder Academic Press New York Australian/Harvard Citation. Blinder, Alan S.Economic policy and the great stagflation / Alan S.

Blinder Academic Press New York. Wikipedia Citation.