The concept explains inflation, its benefits and drawbacks and provides useful case studies and step-by-step advice on how to calculate and measure it.
Inflation is the phenomenon of rising prices. The effect may be due to fast growth in GDP (demand-pull inflation) or an increase in raw materials and/or production costs (supply-side/cost-push inflation). An exaggerated inflationary process is called hyperinflation (Conway, 2009).
Inflation Description *
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Inflation Strengths *
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Examples of Inflation *
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Inflation Videos *
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Inflation References (4 of up to 20) *
- Baumol, W.J., Blinder, A.S. (2010). Macroeconomics: Principles and Policy. Cengage Learning.
- Bloomberg (2011). China Inflation Surging to Fastest in 3 Years Weakens Case for Rate Pause. Jul 9. Available at: http://www.bloomberg.com/news/2011-07-09/china-inflation-surging-to-fastest-in-3-years-weakens-case-for-rate-pause.html.
- Ciccarelli, M., Mojon, B. (2005). Global Inflation. European Central Bank. Working Paper Series, n.537.
- Conway, E. (2009). 50 Economics Ideas You Really Need to Know. Quercus.
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