The International Transmission of Inflation (National Bureau of Economic Research Monographs)

Darby, Michael R.; Lothian, James R.; Gandolfi, Arthur E.; Schwartz, Anna J.; Stockman, Alan C.

ISBN 10: 0226136418 / ISBN 13: 9780226136417

Published by University of Chicago Press, Chicago, IL, U.S.A., 1984

About this Item

A very good copy of the first hard cover edition in a like jacket. The text is unmarked, pristine, and the jacket bright and fresh in appearance, with only some incipient fraying along the top of the spine. There is a transparent strip of tape across the base of the jacket spine with the word "International" typed on it: unobtrusive.

Seller Inventory # 001512

Bibliographic Details

• Title: The International Transmission of Inflation (National Bureau of Economic Research Monographs)
• Publisher: University of Chicago Press, Chicago, IL, U.S.A.
• Publication Date: 1984
• Language: English
• ISBN 10: 0226136418
• ISBN 13: 9780226136417
• Binding: Hardcover
• Edition: First Edition
• Condition: Very Good
• Dust Jacket Condition: Very Good

About this title

Synopsis

Inflation became the dominant economic, social, and political problem of the industrialized West during the 1970s. This book is about how the inflation came to pass and what can be done about it. Certain to provoke controversy, it is a major source of new empirical information and theoretical conclusions concerning the causes of international inflation.

The authors construct a consistent data base of information for eight countries and design a theoretically sound model to test and evaluate competing hypotheses incorporating the most recent theoretical developments. Additional chapters address an impressive variety of issues that complement and corroborate the core of the study. They answer such questions as these: Can countries conduct an independent monetary policy under fixed exchange rates? How closely tied are product prices across countries? How are disturbances transmitted across countries?

The International Transmission of Inflation is an important contribution to international monetary economics in furnishing an invaluable empirical foundation for future investigation and discussion.

About the Author

Michael R. Darby is professor of economics at the University of California at Los Angeles. James R. Lothian is a vice-president of Citibank, New York.