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ENSURING PRICE STABILITY Chapter 12

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Presentation on theme: "ENSURING PRICE STABILITY Chapter 12"— Presentation transcript:

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2 ENSURING PRICE STABILITY Chapter 12
Matakuliah : F Economic Analysis Tahun : 2009 ENSURING PRICE STABILITY Chapter 12

3 Learning Outcomes Definition and Impact of Inflation
Modern Inflation Theory Dilemmas of Anti-Inflation Policy Bina Nusantara University

4 Inflation Is a Fundamental Constraint on Economic Policy

5 English Price Level and Real Wage, 1264-2002 (1270 = 100)

6 Consumer Prices in the United States, 1776-2003

7 Inflation Has Remained Low and Stable in Recent Years

8 Money and Hyperinflation in Germany, 1922-1924

9 Demand-Pull Inflation Occurs When Too Much Spending Chases Too Few Goods

10 An Upward Spiral of Prices and Wages Occurs When Aggregate Supply and Demand Shift Up Together

11 The Short-Run Phillips Curve Depicts the Tradeoff between Inflation and Unemployment

12 The Shifting Phillips Curve

13 Actual Unemployment Rate and NAIRU

14 Actual and Predicted Inflation, 1995-1999

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