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A Summing Up

In: Inflation Theory and Anti-Inflation Policy

Author

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  • D. C. Hague

    (Manchester Business School)

Abstract

Professor Hague said that the conference left him with a number of disappointments. As Professor Patinkin had pointed out, the conference had not resolved the biggest issue of all, which was why inflation was currently so severe. In the past, serious inflation had usually been linked to war. It was true that there had recently been a ‘small’ war in Vietnam, but Korea had only been a ‘small’ war too. Yet the Korean inflation had subsided quite quickly. In the inflation of 1973 and 1974 the effect on expectations, particularly in commodity markets, seemed to have been very big. And participants had expressed fears that another commodity boom might be on its way.

Suggested Citation

  • D. C. Hague, 1977. "A Summing Up," International Economic Association Series, in: Erik Lundberg (ed.), Inflation Theory and Anti-Inflation Policy, chapter 21, pages 530-538, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-03260-0_21
    DOI: 10.1007/978-1-349-03260-0_21
    as

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