Papers on "Macroeconomics: Historical Perspective" and similar term paper topics

Paper #099426 :: Macroeconomics: Historical Perspective
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An analysis of some of the major economic occurrences between 1960 and 2000 and an examination of the Phillips curve.

Written in 2007; 773 words; 8 sources; MLA; $ 27.95

Paper Summary:

This paper examines some of the major economic occurrences between 1960 and 2000. It briefly examines the oil shocks of the 1970s and the Savings and Loan crisis and the extremely high inflation and unemployment rates during the early 1980s. Finally, the paper analyzes the Phillips curve as a method of gaining further insight into economic data (as opposed to simply relying on broad spectrum data such as the gross domestic product (GDP)).

Table of Contents:
Abstract
Macroeconomics: Historical Perspective
Overview
Fiscal Policy
Inflation & Recession
Conclusion

From the Paper:

"The Phillips curve takes on greater importance because according to the Phillips curve, inflation in the long-term is determined strictly by a corresponding growth in the supply of money (Yang, 1992). In the Phillip's curve inflation (I) is factored against unemployment (U) to produce an inverse relationship where price (P) and output (O) are inter-related. Thus, a more accurate economic model can be constructed that accounts for more than simply GDP rates which, according to the data, if taken independently, show nothing but a strong performing economy since 1960."

Tags: inflation GDP unemployment price

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