Inflation

Author: Robert
Publisher:
Publish Date: 2004-02-23
Features: Anyone who has studied macroeconomics knows about the Phillips curve. The Phillips curve depicts the relationship between inflation and the real economy (primarily the relationship between inflation and unemployment). This relationship has always been a focal point of debate in macroeconomics. This book brings together several influential figures in Western macroeconomics—both seasoned economists like Galbraith and Solow, as well as emerging economists like Taylor, Mankiw, and Ben Bernanke—to present a compelling debate on whether the Phillips curve exists and how monetary authorities should act. This debate not only helps us understand the cutting-edge issues in modern macroeconomics but also provides valuable insights for the policy practices of China's central bank today.