img Leseprobe Leseprobe

Remembering Inflation

Brigitte Granville

PDF
ca. 47,99
Amazon iTunes Thalia.de Weltbild.de Hugendubel Bücher.de ebook.de kobo Osiander Google Books Barnes&Noble bol.com Legimi yourbook.shop Kulturkaufhaus ebooks-center.de
* Affiliatelinks/Werbelinks
Hinweis: Affiliatelinks/Werbelinks
Links auf reinlesen.de sind sogenannte Affiliate-Links. Wenn du auf so einen Affiliate-Link klickst und über diesen Link einkaufst, bekommt reinlesen.de von dem betreffenden Online-Shop oder Anbieter eine Provision. Für dich verändert sich der Preis nicht.

Princeton University Press img Link Publisher

Sachbuch / Gesellschaft

Beschreibung

Why we need to heed the lessons of high inflation

Today's global economy, with most developed nations experiencing very low inflation, seems a world apart from the "Great Inflation" that spanned the late 1960s to early 1980s. Yet, in this book, Brigitte Granville makes the case that monetary economists and policymakers need to keep the lessons learned during that period very much in mind, lest we return to them by making the same mistakes we made in the past.

Granville details the advances in macroeconomic thinking that gave rise to the "Great Moderation"—a period of stable inflation and economic growth, which lasted from the mid-1980s through the most recent financial crisis. She makes the case that the central banks' management of monetary policy—hinging on expectations and credibility—brought about this period of stability, and traces the roots of this success back to the eighteenth-century foundations of modern monetary thought.

Tackling fundamental questions such as the causes of inflation and its relation to unemployment and growth, the natural rate of inflation hypothesis, the fiscal theory of the price level, and the proper goals of central banks, the book aims above all to demonstrate the dangers of forgetting the role of credibility in establishing sound monetary policy. With the lessons of the past firmly in mind, Granville presents stimulating ideas and proposals about inflation-targeting principles, which provide tools for present-day monetary authorities dealing with the forces of globalization, mercantilism, and reserve accumulation.

Weitere Titel von diesem Autor
Brigitte Granville
Brigitte Granville

Kundenbewertungen

Schlagwörter

Inflation, Devaluation, John Maynard Keynes, Keynesian Revolution, Real versus nominal value (economics), Economic bubble, Fiscal adjustment, Government bond, NAIRU, Debt limit, Price controls, Automatic stabilizer, Central bank, Currency, Regressive tax, Term auction facility, Stabilization policy, Economics, Fiscal theory of the price level, Deadweight loss, Monetary policy, Global imbalances, High-yield debt, Soft landing (economics), Special drawing rights, Troubled Asset Relief Program, Monetary authority, Real wages, Indexation, Debt overhang, Deficit spending, Fiscal policy, Inflation tax, Fiscal gap, Unemployment, Cost Of Funds, Sacrifice Ratio, Speculative attack, Welfare cost of inflation, Recession, Convertibility plan, Seigniorage, Retail price index, Leverage (finance), Debt deflation, Balance sheet recession, Stagflation, Financial crisis, Natural rate of unemployment, Exchange rate, Purchasing power, Externality, Phillips curve, Credit crunch, Inflation targeting, Real bills doctrine, Too big to fail, Tight Monetary Policy, Government debt, New Keynesian economics, Monetarism, Speculation, Rate Trigger, Economic interventionism, Nominal interest rate, Tax, Interest rate, Public finance, Austerity, Debt-to-GDP ratio