This thesis directs attention to the way in which the economics profession has sought to explain the phenomenon of inflation. The first half is primarily a detailed survey of the mainstream postwar literature in this area. The first five chapters provide a comprehensive review and a critical reappraisal of the basic theoretical contributions of successive theorists. The second half of the thesis proposes an alternative approach built essentially upon the early ideas of the neo-Wicksellian over-investment writers and upon the underlying 'structural' model found in Keynes' Treatise on Money. The problem of whether market organization affects the relationship between inflation and the structure of output and employment is also examined, and it is found to be of little importance. The Keynes-Wicksell structural model is then tested against Canadian time-series data for the period 1924-1981. Despite uneven results, the empirical findings give definite importance to the structural variable in explaining price formation in Canada. Finally, the concluding chapter discusses some of the policy issues arising from this structural approach.
| Identifer | oai:union.ndltd.org:LACETR/oai:collectionscanada.gc.ca:QMM.77162 |
| Date | January 1983 |
| Creators | Seccareccia, Mario. |
| Publisher | McGill University |
| Source Sets | Library and Archives Canada ETDs Repository / Centre d'archives des thèses électroniques de Bibliothèque et Archives Canada |
| Language | English |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Format | application/pdf |
| Coverage | Doctor of Philosophy (Department of Economics.) |
| Rights | All items in eScholarship@McGill are protected by copyright with all rights reserved unless otherwise indicated. |
| Relation | alephsysno: 000158150, proquestno: AAINK64486, Theses scanned by UMI/ProQuest. |
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