Overview
Inflation occurs when the general level of prices in an economy are rising (or in the case of deflation, falling). The reasons that inflation occurs and policies to control it have been a major concern of economists.
Topics
- Quantity Theory of Money
- Early Keynesian - the early Keynes models mostly ignore inflation, which can be represented in a fairly simple model.
- Phillips Curve - one of the first successful attempts to explain inflation. Relates inflation to the level of employment
- Rational Expectations
Inflation Data
Inflation is a key concern of the US Federal Reserve, which has a mandate to maintain price stability. (one of the two pillars of the Feds dual mandate) Federal Reserve inflation data can be obtained from the FRED site as well as the FRED app.
Inflation Data