Remembering Inflation (eBook)

Brigitte Granville (Autor)

eBook Download: PDF

2013
296 Seiten
Princeton University Press (Verlag)
978-1-4008-4644-3 (ISBN)

Infos

Brigitte Granville is professor of international economics and economic policy at Queen Mary University of London. Her books include Sovereign Debt: Origins, Crises, and Restructuring.

---

Why we need to heed the lessons of high inflationToday's global economy, with most developed nations experiencing very low inflation, seems a world apart from the "e;Great Inflation"e; 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 "e;Great Moderation"e;-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.

Produkt-Details

• Erscheint lt. Verlag: 28.7.2013
• Zusatzinfo: 25 line illus.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Geschichte / Politik ► Politik / Gesellschaft
• Themenwelt: Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Schlagworte: 1997 Asian financial crisis • Adaptive Expectations • Austerity • automatic stabilizer • balance sheet recession • bank run • Black Wednesday • Brazil • capacity utilization • Central Bank • Competition • Convertibility plan • Cost Of Funds • Credit Control • Credit Crunch • credit risk • Currency • Deadweight loss • Debt Crisis • debt deflation • debt limit • Debt Overhang • Debt-to-GDP ratio • Deficit Spending • Deleveraging • deposit insurance • Devaluation • Discount window • Economic bubble • Economic Growth • economic interventionism • Economic planning • economic recovery • Economics • Economic Theory • Economists • Euro • Exchange Rate • Externality • external rule • Financial Crisis • Financial crisis of 2007–08 • financial integration • Financial Repression • Financial stability • Fiscal Adjustment • fiscal gap • Fiscal Policy • Fiscal Sustainability • Fiscal theory of the price level • Global Economy • global imbalances • Globalization • Government bond • Government Debt • Great Moderation • High-yield debt • income inequality • indexation • Inflation • inflation control • Inflation Targeting • Inflation Tax • Interest Rate • International Trade • John Maynard Keynes • Keynesian Economics • Keynesian revolution • Leverage (finance) • Limited liability • Macroeconomic Policy • Macroeconomics • Maturity transformation • Monetarism • monetary authority • monetary policy • Monetary Reform • Monetary Stability • monetary thought • NAIRU • Natural rate of unemployment • Neutrality of money • New Keynesian Economics • Nominal interest rate • Open market operation • Output Gap • Phillips Curve • Poverty • Price controls • price level • Price Stability • Public Debt • Public Finance • purchasing power • Quantity theory of money • Rate Trigger • Real bills doctrine • Real interest rate • Real versus nominal value (economics) • real wages • Recession • Regressive tax • Retail Price Index • Risk Aversion • Russia • Sacrifice Ratio • Sargent and Wallace • Seigniorage • Social Welfare • Soft landing (economics) • solvency • Special Drawing Rights • Speculation • Speculative attack • stabilization policy • stable inflation • Stagflation • Supply shock • Supreme Decree 21060 • Tax • Tax Incidence • Term auction facility • The general theory of employment, interest and money • Tight Monetary Policy • Too big to fail • Troubled Asset Relief Program • Unemployment • Welfare cost of inflation • World Economy
• ISBN-10: 1-4008-4644-7 / 1400846447
• ISBN-13: 978-1-4008-4644-3 / 9781400846443