Abstract

Information, money and the macro-economics of inflation the influence of money on economic activity - a survey of some recurrent problems expectations, adjustment and the dynamic response of income to policy changes the Philips curve, expectations and incomes policy on Wicksell's theory of price level dynamics simultaneous fluctuations in prices and output - a business cycle approach the influence of money on real income and inflation - a simple model with some empirical tests for the United States, 1953-72 some current issues concerning the international aspects of inflation price and output fluctuations in an open economy the current inflation - the problem of explanation and the problem of policy Thomas Tooke on monetary reform.

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