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Inflation And Market Structure 1967 1973

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Inflation And Market Structure 1967 1973

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Author : Phillip Cagan
language : en
Publisher:
Release Date : 1974

Inflation And Market Structure 1967 1973 written by Phillip Cagan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1974 with categories.

A variety of theories have been offered to explain why prices generally respond so little to declines in demand, and do so now less than formerly. Most of these center around a dependence of prices on costs, or the anticipated trend of costs, and a greater disregard for short-run changes in demand. The more appealing hypothesis is the simple one that price setters tend to adjust slowly to changes in market conditions; they transmit but do not originate inflation. To find that prices in the less competitive markets respond more slowly to changes in market conditions - first lagging, then catching up - would support the theory that firms try to avoid frequent changes in prices but vary in their ability to do so. Are lags in price adjustment related to market structure? Previous empirical studies of the relationship are inconclusive on this point. Earlier literature, largely theoretical, has suggested that concentrated industries tend to raise prices more rapidly, thereby exerting a permanent upward push on the price level. Empirical studies have usually reported the opposite or no consistent relation, however. On the lag-and-catching-up theory, the concentrated industries should exhibit greater increases in the period of waning inflation after 1969. This study examines the data for such a pattern and finds striking evidence of it.

The Great Inflation

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Author : Michael D. Bordo
language : en
Publisher: University of Chicago Press
Release Date : 2013-06-28

The Great Inflation written by Michael D. Bordo and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-28 with Business & Economics categories.

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

Market Structure And The Cyclical Behavior Of Prices And Profits 1949 1975

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Author : Kathleen Ann Pulling
language : en
Publisher:
Release Date : 1977

Market Structure And The Cyclical Behavior Of Prices And Profits 1949 1975 written by Kathleen Ann Pulling and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with Marketing categories.

Incomes Policy Legislation 1975

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Author : United States. Congress. House. Banking and Currency Committee
language : en
Publisher:
Release Date : 1975

Incomes Policy Legislation 1975 written by United States. Congress. House. Banking and Currency Committee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1975 with categories.

Mergers And Economic Concentration March 8 23 30 And April 25 1979

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Author : United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Monopoly, and Business Rights
language : en
Publisher:
Release Date : 1979

Mergers And Economic Concentration March 8 23 30 And April 25 1979 written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Monopoly, and Business Rights and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Antitrust law categories.

Industrial Market Structure And Economic Performance

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Author : Frederic M. Scherer
language : en
Publisher:
Release Date : 1980

Industrial Market Structure And Economic Performance written by Frederic M. Scherer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Business & Economics categories.

Incomes Policy Legislation 1975

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Author : United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Economic Stabilization
language : en
Publisher:
Release Date : 1975

Incomes Policy Legislation 1975 written by United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Economic Stabilization and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1975 with Inflation (Finance) categories.

Mergers And Economic Concentration

Mergers And Economic Concentration written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Monopoly, and Business Rights and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Antitrust law categories.

Food Industry Antitrust Report Act

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Author : United States. Congress. House. Committee on the Judiciary. Subcommittee on Monopolies and Commercial Law
language : en
Publisher:
Release Date : 1976

Food Industry Antitrust Report Act written by United States. Congress. House. Committee on the Judiciary. Subcommittee on Monopolies and Commercial Law and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Antitrust law categories.

Review Of Current Information In The Treasury Department Library

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Author : United States. Department of the Treasury. Library
language : en
Publisher:
Release Date : 1975

Review Of Current Information In The Treasury Department Library written by United States. Department of the Treasury. Library and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1975 with categories.

Inflation And Market Structure 1967 1973

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