Inflation in Small Countries

Proceedings of an International Conference Held at the Institute for Advanced Studies Vienna, November 1974

herausgegeben von H. Frisch

I. Introduction.
1. Inflation in Small Countries.
II. The Scandinavian Model.
2. Inflation in Open Economies: Supply-determined versus Demand-determined models.
3. Why Inflation Rates Differ: A Critical Examination of the Structural Hypothesis.
III. Monetarist Inflation Models.
4. An Elementary Monetarist Model of Simultaneous Fluctuations in Prices and Output.
5. The Role of Economic Size in the Determination and Transmission of World Inflation.
IV. The Indexation Problem.
6. The Role of Index Clauses in an Anti-Inflationary Strategy.
7. Indexation and Monetary Stability.
8. Reverse Indexing: A Scheme to Annihilate Inflation?.
9. General Indexation — a Means Against Inflation?.
V. Inflationary Expectations.
10. Inflationary Expectations in a Macroeconomic Model.
11. How to Forecast and to Explain the Balances on Current Account of Small Countries?.
VI. Empirical Studies.
12. International Aspects of Cost Push Inflation.
13. A Simple Aggregate Model for Austria.
14. A Sectoral Wage Price Model for the Netherlands’ Economy.
VII. Inflation and Income Distribution.
15. Personal Income Distribution and Inflation.