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.