000 02352cam a2200349 a 4500
001 4372
003 BD-DhEWU
005 20160519205528.0
008 1605 s1999 njua g b 001 0 eng d
010 _a 98038410
020 _a0691004145 (alk. paper)
020 _a9780691004143
035 _a(OCLC)39658801
040 _aDLC
_cDLC
_dDLC
_dBD-DhEWU
_beng
041 _aeng
050 0 0 _aHG540
_b.S27 1999
082 0 0 _a332.410973
_221
_bSAC 1999
100 1 _aSargent, Thomas J.
_916283
245 1 4 _aThe conquest of American inflation /
_cThomas J. Sargent.
260 _aPrinceton, N.J. :
_bPrinceton University Press,
_cc1999.
300 _axiv, 148 p. :
_bill. ;
_c24 cm.
504 _aIncludes bibliographical references (p. [137]-144) and indexes.
505 _tTOC
_aThe rise and fall of U.S. inflation -- Ignoring the Lucas critique -- The credibility problem -- Credible government policies -- Adaptive expectations (1950's) -- Optimal misspecified beliefs -- Self-confirming equilibria -- Adaptive expectations (1990's) -- Econometric policy evaluation -- Triumph or vindication?
520 _aIn 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.
526 _aEconomics
590 _aSagar Shahanawaz
650 0 _aInflation (Finance)
_zUnited States.
_920210
856 4 1 _3Table of contents
_uhttp://www.loc.gov/catdir/toc/prin032/98038410.html
856 4 2 _3Publisher description
_uhttp://www.loc.gov/catdir/description/prin021/98038410.html
856 4 2 _3WorldCat details
_uhttp://www.worldcat.org/title/conquest-of-american-inflation/oclc/39658801&referer=brief_results
942 _2ddc
_cTEXT
999 _c4372
_d4372