Zero inflation
- 최초 등록일
- 2007.06.19
- 최종 저작일
- 2007.03
- 5페이지/
MS 워드
- 가격 2,500원
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소개글
This Essay written about Econ parts of Zero inflation.
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본문내용
The word ‘inflation’ has the dubious distinction of being the most widely used economic word in the U.S. media. Inflation refers to the continuous increase in prices throughout the national economy (Hellerstein). The Inflation Rate is measured by the percentage change in the price level {an average of all prices called the ‘Consumer Price Index’ [CPI-U]}(Jensen). There is no doubt that high inflation rates are disruptive, as it lowers economic growth rate and raises doubts about future price and income trends (South-West College). Public fears tend to alarmingly rise if the inflation rate hits 5 or 6 percent; consequently, when levels climb to double digit levels {as it did in the mid/late 1970s}, there was little surprise that Americans named inflation as the ‘public enemy number one’(Hellerstein).
참고 자료
• Hellerstein, Rebecca. “The Impact of Inflation.” Federal Reserve Bank of Boston. 1997. 13 February 2007. <http://www.bos.frb.org/economic/nerr/rr1997/winter/hell97_1.htm>
• Jensen, Arthur N. “Economic Forecast for the United States.” California State University, Sacramento. 2007. 13 Feb. 2007.
<http://www.csus.edu/indiv/j/jensena/sfp/us/>
• Keleher, Robert E. “Establishing Federal Reserve Inflation Goals.” Joint Economic Study Committee. 1997. 13 Feb. 2007. <http://www.house.gov/jec/fed/fed/goals.htm>
• “Policy Debate: Should the Federal Reserve aim at a Zero Inflation Policy?” South-West College. 2003. 13 Feb. 2007.
<http://www.swlearning.com/economics/policy_debates/inflation.html>
• Rasche, Robert H. & Thornton, Daniel L. “Greenspan’s Unconventional View of the Long-Run Inflation/Output Trade-Off.” Federal Reserve Bank of St. Louis. 2006. 13 Feb. 2007.
<http://research.stlouisfed.org/publications/mt/20060101/cover.pdf>