2006 Student Research Conference:
19th Annual Student Research Conference

Social Science

Examining the Causes of Inflation
Robert J. Kelchen
Dr. Jane Sung, Faculty Mentor

Inflation has almost always had a negative connotation in the mind of the American public because not all decision makers expect prices to increase from year to year. In order for consumers to become rational in their thoughts, inflation must be examined from both the supply and demand sides of the economy. A partial logarithmic linear regression model consisting of seven key economic indicators and two dummy variables was constructed and found to be rather successful in tracking the inflation rate from 1980 through 2005. This model can be used to predict future inflation and reduce the amount of unexpected decision making.

Keywords: economics, inflation, prices, supply, demand, interest


Presentation Type: Oral Paper

Supplemental Files (Downloadable):

Session: 12-1
Location: VH 1412
Time: 8:30

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