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Definition and Measurement

In: Inflation: Theory and Policy

Author

Listed:
  • A. J. Hagger

    (University of Tasmania)

Abstract

The aim of this book is to give a comprehensive treatment of the problem of inflation. Thus the questions to be examined are: What are the causes of inflation? Why does it matter? How can it be stopped, or at least restrained? What other problems arise when action is taken to restrain inflation? Are these other problems so serious that it would be better, on balance, to allow a certain degree of inflation coupled with a comparatively small dose of these other problems than to have no inflation at all coupled with a somewhat larger dose of these other problems? If so, how large is the ‘certain degree’ of inflation that will have to be tolerated if the undesirable consequences of restraining inflation are to be kept within desirable limits?

Suggested Citation

  • A. J. Hagger, 1977. "Definition and Measurement," Palgrave Macmillan Books, in: Inflation: Theory and Policy, chapter 1, pages 1-19, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-15735-8_1
    DOI: 10.1007/978-1-349-15735-8_1
    as

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