Inflation

2/1/2001


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Table of Contents

Inflation

Inflation: Historical Aspects

Inflation: Historical Aspects

The Classical Theory of Inflation

Money Supply, Money Demand, and Monetary Equilibrium

Money Supply, Money Demand, and Monetary Equilibrium

Money Supply, Money Demand, and Monetary Equilibrium

Money Supply, Money Demand, and Monetary Equilibrium

Money Supply, Money Demand, and the Equilibrium Price Level

The Effects of Monetary Injection

The Quantity Theory of Money

The Classical Dichotomy and Monetary Neutrality

The Classical Dichotomy and Monetary Neutrality

The Classical Dichotomy and Monetary Neutrality

Velocity and the Quantity Equation

Velocity and the Quantity Equation

Velocity and the Quantity Equation

Velocity and the Quantity Equation

Velocity and the Quantity Equation

PPT Slide

The Equilibrium Price Level, Inflation Rate, and the Quantity Theory of Money

The Equilibrium Price Level, Inflation Rate, and the Quantity Theory of Money

Hyperinflation

Money and Prices During Four Hyperinflations

Money and Prices During Four Hyperinflations

Hyperinflation and the Inflation Tax

The Fisher Effect

PPT Slide

The Costs of Inflation: A Fall in Purchasing Power?

The Costs of Inflation

Shoeleather Costs

Shoeleather Costs

Menu Costs

Relative-Price Variability

Inflation-Induced Tax Distortion

Inflation-Induced Tax Distortion

How Inflation Raises the Tax Burden On Saving

Confusion and Inconvenience

Arbitrary Redistribution of Wealth

Summary

Summary

Summary

Summary

Author: Mark P. Karscig

Email: stutes@mnstate.edu

Home Page: web.mnstate.edu/stutes