On the Cusp

As inflation rises, the range of future outcomes broadens. Consumers rebalance budgets as price changes occur. Producers must now estimate not only the price their goods and services will fetch in the future, but future costs of production. Unsound money heightens uncertainty. We are at the cusp of change: but to, or toward, what?

Harwood Economic Review

Table of Contents

FOMC Projects Even Higher Inflation
William J. Luther and Morgan Timmann 

Bad Explanations for Inflation
Alexander William Salter

Inflation and Time
Joshua R. Hendrickson

Monetarism Remains a Useful Guide on Inflation
Peter N. Ireland

Why Will Inflation Remain So High for So Long?
William J. Luther