LEADER 05432nam 2200793 a 450 001 9910815100903321 005 20240418131617.0 010 $a1-281-43084-6 010 $a9786611430849 010 $a0-226-13643-4 024 7 $a10.7208/9780226136431 035 $a(CKB)1000000000413768 035 $a(EBL)408544 035 $a(OCoLC)476229548 035 $a(SSID)ssj0000361774 035 $a(PQKBManifestationID)12089375 035 $a(PQKBTitleCode)TC0000361774 035 $a(PQKBWorkID)10362847 035 $a(PQKB)11356198 035 $a(SSID)ssj0000181743 035 $a(PQKBManifestationID)11179711 035 $a(PQKBTitleCode)TC0000181743 035 $a(PQKBWorkID)10165801 035 $a(PQKB)11557209 035 $a(MiAaPQ)EBC408544 035 $a(DE-B1597)535734 035 $a(OCoLC)781254553 035 $a(DE-B1597)9780226136431 035 $a(Au-PeEL)EBL408544 035 $a(CaPaEBR)ebr10230045 035 $a(CaONFJC)MIL143084 035 $a(EXLCZ)991000000000413768 100 $a19830323d1983 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe international transmission of inflation /$fMichael R. Darby, James R. Lothian ... [et al.] 205 $a1st ed. 210 $aChicago $cUniversity of Chicago Press$d1983 215 $a1 online resource (746 p.) 225 1 $aNational Bureau of Economic Research monograph 300 $aDescription based upon print version of record. 311 $a0-226-13642-6 311 $a0-226-13641-8 320 $aIncludes bibliographical references and indexes. 327 $tFront matter --$tContents --$tPreface --$t1. Introduction and Summary --$t2. The Postwar Institutional Evolution of the International Monetary System --$t3. The International Data Base: An Introductory Overview --$t4. The Timing of Monetary and Price Changes and the International Transmission of Inflation --$tIntroduction --$t5. The Mark III International Transmission Model: Specification --$t6. The Mark III International Transmission Model: Estimates --$t7. International Transmission of Monetary and Fiscal Shocks under Pegged and Floating Exchange Rates: Simulation Experiments --$t8. The Importance of Oil Price Changes in the 1970's World Inflation --$t9. Actual versus Unanticipated Changes in Aggregate Demand Variables: A Sensitivity Analysis of the Real-Income Equation --$tIntroduction --$t10. Sterilization and Monetary Control: Concepts, Issues, and a Reduced-Form Test --$t11. Short-Run Independence of Monetary Policy under a Pegged Exchange-Rates System: An Econometric Approach --$t12. Effects of Open Market Operations and Foreign Exchange Market Operations under Flexible Exchange Rates --$t13. An Alternative Approach to International Capital Flows --$tIntroduction --$t14. International Price Behavior and the Demand for Money --$t15. Movements in Purchasing Power Parity: The Short and Long Runs --$t16. The United States as an Exogenous Source of World Inflation under the Bretton Woods System --$t17. Conclusions on the International Transmission of Inflation --$tData Appendix --$tAuthor Index --$tSubject Index 330 $aInflation became the dominant economic, social, and political problem of the industrialized West during the 1970's. This book is about how the inflation came to pass and what can be done about it. Certain to provoke controversy, it is a major source of new empirical information and theoretical conclusions concerning the causes of international inflation. The authors construct a consistent data base of information for eight countries and design a theoretically sound model to test and evaluate competing hypotheses incorporating the most recent theoretical developments. Additional chapters address an impressive variety of issues that complement and corroborate the core of the study. They answer such questions as these: Can countries conduct an independent monetary policy under fixed exchange rates? How closely tied are product prices across countries? How are disturbances transmitted across countries? The International Transmission of Inflation is an important contribution to international monetary economics in furnishing an invaluable empirical foundation for future investigation and discussion. 410 0$aNational Bureau of Economic Research monograph. 606 $aInflation (Finance) 606 $aInternational finance 606 $aInflation (Finance)$xMathematical models 606 $aInternational finance$xMathematical models 610 $ainflation, economics, industrialization, monetary policy, exchange rates, price, trade, international, finance, purchasing power, bretton woods system, capital flows, control, real income, oil, mathematical models, aggregate demand variables, sterilization, simulation experiments, nonfiction, foreign markets, history, economy. 615 0$aInflation (Finance) 615 0$aInternational finance. 615 0$aInflation (Finance)$xMathematical models. 615 0$aInternational finance$xMathematical models. 676 $a332.4/1 700 $aDarby$b Michael R$0124192 701 $aLothian$b James R$0124193 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910815100903321 996 $aThe international transmission of inflation$93999727 997 $aUNINA