TY -  JOUR
PY -  2021
SN -  2280-188X
T1 -  Inflation and Macroeconomics in the US during the Golden Age
JO -  HISTORY OF ECONOMIC THOUGHT AND POLICY
DA -  11/15/2021 12:00:00 AM
DO -  10.3280/SPE2021-001005
UR -  http://www.francoangeli.it/Riviste/Scheda_rivista.aspx?idArticolo=69802
AU -  Spinato Morlin, Guilherme
SP -  107
EP -  130
IS -  1
VL -  10
LA -  EN
AB -  This paper reviews interpretations of the moderate inflation observed in the US during the 1950s and early 1960s. In this period, moderate and persistent inflation disconcerted economists and challenged policymakers. The opposition between demand-pull and cost-push views stimulated different interpretations, as sectorial demand-shift inflation theory and the modified Phillips curve. As policy targeted growth and employment, incomes policy was applied to contain inflation. The pa-per provides an overview of explanations to the moderate inflationary process in light of the historical events of the Golden Age of capitalism.
PB -  FrancoAngeli
ER -