User:Taylordw/sandbox/The Great Stagflation
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History
[edit]Causes of the Great Inflation
[edit]Keynesian fine-tuning
[edit]Guns and butter
[edit]Monetary policy
[edit]Diminished Federal Reserve independence
[edit]Cartels and unions
[edit]Exogenous price shocks
[edit]Coincidence
[edit]Causes for the disinflation
[edit]Volcker's monetary policy
[edit]Reagan's anti-union policies
[edit]In retrospect, Volcker stated that, "the most important single action of the administration in helping the anti-inflation fight was defeating the air traffic controllers' strike. ... even though it had not been a wage issue at the time."[1]
Deregulation
[edit]Consequences
[edit]References
[edit]- ^ Mussa, Tobin & Volcker 1994, p. 162, paraphrased in a Summary of Discussion from the conference at which the papers collected in this volume were presented, Williamsburg, Virginia, 17–20 October 1990
Bibliography
[edit]- Barsky, Robert B.; Kilian, Lutz (2002). "Do We Really Know that Oil Caused the Great Stagflation? A Monetary Alternative". In Bernanke, Ben S.; Rogoff, Kenneth (eds.). NBER Macroeconomics Annual 2001. Vol. Volume 16. Cambridge, Mass.: The MIT Press. pp. 137–198. ISBN 0-262-02520-5.
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- Beckerman, Wilfred (1986). "Stagflation and The Third World". In Lall, Sanjaya; Stewart, Frances (eds.). Theory and Reality in Development: Essays in Honour of Paul Streeten. London: Palgrave Macmillan. pp. 38–57. doi:10.1007/978-1-349-18128-5_3. ISBN 978-0-333-39825-8.
- Blinder, Alan S. (1979). Economic Policy and the Great Stagflation. New York: Academic Press. ISBN 0-12-106162-0.
- Blinder, Alan S. (1982). "The Anatomy of Double-Digit Inflation in the 1970s" (PDF). In Hall, Robert E. (ed.). Inflation: Causes and Effects. Chicago, Ill.: The University of Chicago Press. pp. 261–282. ISBN 0-226-31323-9.
- Blinder, Alan S.; Rudd, Jeremy B. (2013). "The Supply-Shock Explanation of the Great Stagflation Revisited". In Bordo, Michael D.; Orphanides, Athanasios (eds.). The Great Inflation: The Rebirth of Modern Central Banking. Chicago, Ill.: The University of Chicago Press. pp. 119–175. ISBN 978-0-226-06695-0.
- Bordo, Michael D.; Eichengreen, Barry (2013). "Bretton Woods and the Great Inflation" (PDF). In Bordo, Michael D.; Orphanides, Athanasios (eds.). The Great Inflation: The Rebirth of Modern Central Banking. Chicago, Ill.: University of Chicago Press. pp. 449–489. ISBN 978-0-226-06695-0.
- DeLong, J. Bradford (1997). "America's Peacetime Inflation: The 1970s". In Romer, Christina D.; Romer, David H. (eds.). Reducing Inflation: Motivation and Strategy. Chicago, Ill.: University of Chicago Press. pp. 247–280. ISBN 0-226-72484-0.
- Marczewski, Jean (1982). "A Comparative Analysis of Stagflation in France and Germany, 1971–9". In Kindleberger, Charles P.; di Tella, Guido (eds.). Economics in the Long View: Essays in Honour of W.W. Rostow. Vol. Volume 3, Applications and Cases, Part II. London: Palgrave Macmillan. pp. 175–202. doi:10.1007/978-1-349-06293-5_8. ISBN 978-1-349-06295-9. OCLC 9329679.
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- McCarthy, Michael A. (3 August 2016). "The Monetary Hawks". Jacobin. Retrieved 15 February 2017.
- Meltzer, Allan H. (March–April 2005). "Origins of the Great Inflation". Federal Reserve Bank of St. Louis Review. 87 (2 [Part 2]): 145–175.
- Meltzer, Allan H. (2009). A History of the Federal Reserve. Vol. Volume 2, Book 1, 1951–1969. Chicago, Ill.: University of Chicago Press. ISBN 978-0-226-52001-8.
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has extra text (help)
- Meltzer, Allan H. (2009). A History of the Federal Reserve. Vol. Volume 2, Book 2, 1970–1986. Chicago, Ill.: University of Chicago Press. ISBN 978-0-226-51994-4.
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- Mitchell, Daniel J.B.; Erickson, Christopher L. (October 2005). "Not Yet Dead at the Fed: Unions, Worker Bargaining, and Economy-wide Wage Determination". Industrial Relations. 44 (4): 565–606. doi:10.1111/j.1468-232X.2005.00403.x.
- Mitchell, Daniel J.B.; Erickson, Christopher L. (2008). "The Concept of Wage-Push Inflation: Development and Policy". Labor History. 49 (4): 417–438. doi:10.1080/00236560802376789. S2CID 153356385.
- Mussa, Michael L.; Tobin, James; Volcker, Paul A. (1994). "Monetary Policy". In Feldstein, Martin (ed.). American Economic Policy in the 1980s. Chicago, Ill.: National Bureau of Economic Research / University of Chicago Press. pp. 81–164. ISBN 0-226-24093-2.
- Nelson, Edward (January 2005). "The Great Inflation of the Seventies: What Really Happened?" (PDF). Berkeley Electronic Journal of Macroeconomics. 5 (1). doi:10.2202/1534-6013.1297. S2CID 201123747.
- Nordhaus, William (6 September 1981). "A Strike Against Inflation". The New York Times. New York. Retrieved 26 January 2017.
- Samuelson, Robert J. (2008). The Great Inflation and Its Aftermath: The Past and Future of American Affluence. New York: Random House. ISBN 978-0-375-50548-5.
- Smith, Karl (8 September 2013). "Everything You Thought You Knew About The 1970s, Inflation And The US Economy Is Wrong". Forbes. Retrieved 15 February 2017.
- Ulman, Lloyd (1998). "The Kennedy and Johnson Guideposts". In Voos, Paula B. (ed.). Industrial Relations Research Association Series: Proceedings of the Fiftieth Annual Meeting, January 3–5, 1998, Chicago, Volume 1. Madison, Wis.: Industrial Relations Research Association, University of Wisconsin–Madison. pp. 168–175. ISBN 0-913447-72-2. OCLC 41519185.