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Title: Incurable inflation?
Review: By the late 1970s, inflation in Britain seemed like an incurable affliction. This book was written in 1978 and its chapters tend to reflect this.Here are technical papers in economics that try to model in a quantifiable way the inflation. The classic Phillips curve appears, as a suggestion that one can trade off between inflation and unemployment. There is discussion about why this may have been inadequate in an open economy.Other chapters delve into the price expectations of consumers and producers and how this can contribute to a ratcheting up of inflation.
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