Chapter 16. Inflation and Deflation Link to syllabus From page 481 to page 491.

Chapter 16. Inflation and Deflation

Link to syllabus

From page 481 to page 491

The Classical Model of the Price Level. Fig. 16-1, p. 477.

Done earlier, as Figure 12-16, p. 367.

Unemployment and Inflation, 1960s. Figure 16-6,-7 p. 485

The Phillips Curve: Concept, and empirical data. (Another text).

AD-AS Model, and the Short Run Phillips Curve. Figure 16-8, p. 486.

The Phillips Curve and Supply Shocks. Fig. 16-9 p. 487.

Expected Inflation and the Short Run Phillips Curve. Fig. 16-10. p. 457.

Unemployment and Inflation, 1961-1990. Figure 16-10, p. 489.

The Classical Model of the Price Level. Fig. 16-1, p. 486.

NAIRU and the Long Run Phillips Curve. Fig. 16-11, p. 490

A vertical LRAS is the same as a vertical LRPC.

(Can be considered the core of non-interventionist stance).

Disinflation Around the World Post-1980. P. 461

The Cost of Reducing Inflation. Fig. 16-13, p. 462.

Zero Bound (on interest rates) in US History. Fig. 16-14, p. 464.

Zero interest rates only in the 1930s

Japan’s Lost Decade. Figure 16-15, p. 464.

Interest Rates Are Now Very Low. Fig. 16-16, p. 465

Inflation and Wages in the U.S. and the Eurozone. Figure 16-3 p. 447

Greater indexing in Europe makes them move more closely together.