Inflation in Small Countries Proceedings of an International Conference Held at the Institute for Advanced Studies Vienna, November 1974

I. Introduction.- 1. Inflation in Small Countries.- II. The Scandinavian Model.- 2. Inflation in Open Economies: Supply-determined versus Demand-determined models.- 3. Why Inflation Rates Differ: A Critical Examination of the Structural Hypothesis.- III. Monetarist Inflation Models.- 4. An Elementary Monetarist Model of Simultaneous Fluctuations in Prices and Output.- 5. The Role of Economic Size in the Determination and Transmission of World Inflation.- IV. The Indexation Problem.- 6. The Role of Index Clauses in an Anti-Inflationary Strategy.- 7. Indexation and Monetary Stability.- 8. Reverse Indexing: A Scheme to Annihilate Inflation?.- 9. General Indexation — a Means Against Inflation?.- V. Inflationary Expectations.- 10. Inflationary Expectations in a Macroeconomic Model.- 11. How to Forecast and to Explain the Balances on Current Account of Small Countries?.- VI. Empirical Studies.- 12. International Aspects of Cost Push Inflation.- 13. A Simple Aggregate Model for Austria.- 14. A Sectoral Wage Price Model for the Netherlands’ Economy.- VII. Inflation and Income Distribution.- 15. Personal Income Distribution and Inflation.