The Theory of Inflation
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The Theory of Inflation

Michael Parkin

Please note this updated and revised Research Review is only available online. The link to Buy Book in Print and Find This Book in Your Library is to a previous edition available in print. The previous print edition reprints the full text of many, though not all, of the Recommended Articles and complements the online edition. Professor Parkin’s new essay provides a comprehensive and up-to-date description of the historical inflation record, surveys the current state of knowledge on the forces that cause inflation and the mechanisms that propagate it, and examines the costs of inflation and the challenge of achieving price stability. The review is an invaluable overview and commentary on both the literature selected in 1993 and the literature through to 2015. It ends by identifying some unanswered questions.
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Michael Parkin

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