Economics of Worldwide Stagflation
Sachs, Jeffrey D.
|Publication Date:||Oct 2013|
| Publisher:||Harvard University Press|
| Book Format:||Ebook|
|List Price:||USD $65.00|
| Book Description: |
This book sets forth both a theory and a comparative empirical analysis of stagflation, that peculiar combination of high unemployment, slow growth, and spurts of high inflation bedeviling the advanced industrial nations during the past fifteen years.
The authors first construct a small macroeconomic model that takes full account of aggregate demand and supply forces in the determination of output, employment, and the price level, in both a single-economy and a multi-economy...