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
Topic(s):Economics
Presentation Type: Oral Paper
Supplemental Files (Downloadable):- Full Research Paper DOC File (73 kb)
- PowerPoint Presentation PPT File (56.5 kb)
Session: 12-1
Location: VH 1412
Time: 8:30