Expected Inflation

John Hicks

in Economic Perspectives

Published in print August 1977 | ISBN: 9780198284079
Published online November 2003 | e-ISBN: 9780191596421 | DOI:
 Expected Inflation

More Like This

Show all results sharing this subject:

  • Macroeconomics and Monetary Economics


Show Summary Details


This chapter argues that although it is correct, nowadays, to take it that inflation is expected, it is a mistake to suppose that the expectation of inflation is consistent. One should distinguish between the effects of inflation on different kinds of markets and different kinds of dealings. Any system of prices has to satisfy canons of economic efficiency and canons of fairness — canons which it is very difficult to make compatible.

Keywords: economic theory; inflation; economic efficiency; fairness

Chapter.  3498 words. 

Subjects: Macroeconomics and Monetary Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.