Conquest of American Inflation

Discover the intriguing insights of Conquest of American Inflation by Thomas J. Sargent, published by Princeton University Press in 2001. This compelling analysis spans 168 pages, delving into the complex dynamics of U.S. inflation from 1960 onwards. Sargent expertly examines two pivotal explanations for the fluctuations in inflation and unemployment during this era: the natural-rate hypothesis, enhanced by the Lucas critique, and a traditional econometric policy evaluation that incorporates adaptive expectations and learning. This book is essential for anyone interested in understanding the economic forces that have shaped American financial history. Whether you're a student, economist, or simply a curious reader, Sargent's thorough exploration offers valuable perspectives on the challenges of inflation management in the United States. Don't miss the opportunity to add this insightful work to your collection!