References: Inflation and the Business Cycle¶
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Inflation - Wikipedia - Explains how the general price level rises over time, covering causes (demand-pull, cost-push, monetary), measurement methods, and economic effects.
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Consumer Price Index - Wikipedia - Describes how the CPI is constructed by tracking a basket of goods and services, and how it serves as the primary measure of inflation.
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Recession - Wikipedia - Covers what defines a recession, historical examples, leading indicators that predict downturns, and the economic and social consequences of recessions.
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Macroeconomics (11th Edition) - N. Gregory Mankiw - Worth Publishers - Clear textbook treatment of inflation theory, the quantity theory of money, business cycle models, and the costs of inflation and deflation.
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A Monetary History of the United States, 1867-1960 - Milton Friedman, Anna Schwartz - Princeton University Press - Landmark study showing how monetary policy failures contributed to inflation and the Great Depression, essential reading on money and business cycles.
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Inflation - Concise Encyclopedia of Economics - Expert overview of what causes inflation, how it is measured, who wins and loses from inflation, and how central banks try to control it.
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Consumer Price Index for All Urban Consumers - Federal Reserve Economic Data (FRED) - The official CPI data series showing how the cost of living has changed in the United States over decades.
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10-Year Breakeven Inflation Rate - Federal Reserve Economic Data (FRED) - Market-based measure of expected inflation over the next decade, showing what investors believe future inflation will be.
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NBER Based Recession Indicators - Federal Reserve Economic Data (FRED) - Official recession dates for the U.S. economy as determined by the National Bureau of Economic Research, marking peaks and troughs.
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Global Inflation Data - World Bank - International inflation rate data across countries, useful for comparing price stability and understanding how inflation varies around the world.