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Author: Michael D. Bordo Publisher: University of Chicago Press ISBN: 0226066959 Category : Business & Economics Languages : en Pages : 545
Book Description
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author: Michael D. Bordo Publisher: University of Chicago Press ISBN: 0226066959 Category : Business & Economics Languages : en Pages : 545
Book Description
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author: Andrés Solimano Publisher: Cambridge University Press ISBN: 1108485049 Category : Business & Economics Languages : en Pages : 241
Book Description
This book examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth and early twenty-first centuries. It covers events including World War I, hyperinflation and market crashes in the 1920s, the Great Depression of the 1930s, stagflation of the 1970s, the Latin American debt crises of the 1980s, the post-socialist transitions in Central Eastern Europe and Russia in the 1990s, and the great financial crisis of 2008-09. In addition to providing wide geographic and historical coverage of episodes of crisis in North America, Europe, Latin America and Asia, the book clarifies basic concepts in the area of recession economics, analysis of high inflation, debt crises, political cycles and international political economy. An understanding of these concepts is needed to comprehend big recessions and slumps that often lead to both political change and the reassessment of prevailing economic paradigms.
Author: Mark Wheeler Publisher: W. E. Upjohn Institute ISBN: Category : Business & Economics Languages : en Pages : 230
Book Description
"Developed from lectures given at Western Michigan University as part of the 1996-1997 lecture series"--P. 6. Includes bibliographical references and index.
Author: Ben S. Bernanke Publisher: Princeton University Press ISBN: 1400820278 Category : Business & Economics Languages : en Pages : 321
Book Description
From the Nobel Prize–winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize. This influential work is collected in Essays on the Great Depression, an important account of the origins of the Depression and the economic lessons it teaches.
Author: Paul Krugman Publisher: W. W. Norton & Company ISBN: 0393088871 Category : Political Science Languages : en Pages : 290
Book Description
A New York Times best-selling call to arms from Nobel Prize–winning economist Paul Krugman. The Great Recession is more than four years old—and counting. Yet, as Paul Krugman points out in this powerful volley, "Nations rich in resources, talent, and knowledge—all the ingredients for prosperity and a decent standard of living for all—remain in a state of intense pain." How bad have things gotten? How did we get stuck in what now can only be called a depression? And above all, how do we free ourselves? Krugman pursues these questions with his characteristic lucidity and insight. He has a powerful message for anyone who has suffered over these past four years—a quick, strong recovery is just one step away, if our leaders can find the "intellectual clarity and political will" to end this depression now.
Author: James Grant Publisher: Simon and Schuster ISBN: 1451686463 Category : Business & Economics Languages : en Pages : 272
Book Description
"By the publisher of the prestigious Grant's Interest Rate Observer, an account of the deep economic slump of 1920-21 that proposes, with respect to federal intervention, "less is more." This is a free-market rejoinder to the Keynesian stimulus applied by Bush and Obama to the 2007-09 recession, in whose aftereffects, Grant asserts, the nation still toils. James Grant tells the story of America's last governmentally-untreated depression; relatively brief and self-correcting, it gave way to the Roaring Twenties. His book appears in the fifth year of a lackluster recovery from the overmedicated downturn of 2007-2009. In 1920-21, Woodrow Wilson and Warren G. Harding met a deep economic slump by seeming to ignore it, implementing policies that most twenty-first century economists would call backward. Confronted with plunging prices, wages, and employment, the government balanced the budget and, through the Federal Reserve, raised interest rates. No "stimulus" was administered, and a powerful, job-filled recovery was under way by late in 1921. In 1929, the economy once again slumped--and kept right on slumping as the Hoover administration adopted the very policies that Wilson and Harding had declined to put in place. Grant argues that well-intended federal intervention, notably the White House-led campaign to prop up industrial wages, helped to turn a bad recession into America's worst depression. He offers the experience of the earlier depression for lessons for today and the future. This is a powerful response to the prevailing notion of how to fight recession. The enterprise system is more resilient than even its friends give it credit for being, Grant demonstrates"--
Author: Tom Cammack Publisher: Lulu.com ISBN: 9780557605675 Category : Financial crises Languages : en Pages : 152
Book Description
INFLATION NATION by Tom Cammack - The "War Against Deflation" will end up being an economic and financial war that none of us are likely to forget. It will be a war between currency debasement (inflation) and credit contraction (deflation). As our money fails, people will increasingly seek out precious metals and commodities as stores of value. The end result will be what the author refers to as K-Flation -- "Killer Flation" -- inflation and deflation occurring simultaneously. Inflation will occur in daily necessities such as food, water, and fuel and deflation is likely to occur in housing and financial assets such as bonds and stocks. We face confusing and chaotic times ahead. The goal of this book is to help you understand what is happening and to prepare for what is coming down the road. Foreword written by T. Britton ("Britt") Harris IV, Chief Investment Officer of the Teacher Retirement System of Texas and Member of the President's Working Group on Financial Markets.
Author: Daniel S. Shaffer Publisher: John Wiley & Sons ISBN: 047090660X Category : Business & Economics Languages : en Pages : 241
Book Description
A look at lessons of the past that could help secure profits in an uncertain economic future In this era of unprecedented economic disruption, author Dan Shaffer warns investors and traders to be skeptical of the day-to-day pronouncements of the media and financial pundits, and instead look to the lessons of history and long-term economic cycles to inform their financial decisions. To successfully navigate today's economic storms, he asserts, investors need to break free of crowd psychology and think for themselves. Shaffer believes that the study of past financial crises provides the surest guide to assessing the current environment, and with this reliable resource he shows you exactly how to make the most of your time in today's markets with this effective approach. Offers timely advice on surviving depressions, deflation, hyperinflation, and market bubbles Compares our current economic and political situation with past financial crises and the rise and fall of other civilizations By understanding the "big picture," and refusing to be manipulated, you can better protect your assets and move in and out of trends to make big profits. This book will show you what it takes to make these moves, and excel in today's uncertain economic environment.
Author: Leon Lindberg Publisher: Brookings Institution Press ISBN: 9780815723677 Category : Political Science Languages : en Pages : 646
Book Description
The inflation of the 1970s represented the greatest peacetime disruption of the Western economies since the Depression. Even as inflation receded, the recession in its wake brought more joblessness than at any time since the 1930s. The governments of industrialized nations found that the economic policies they had developed since World War II no longer assured price stability or high employment. What are the lessons of over a decade of economic difficulty? In this conference volume, which focuses on aspects of the crisis that economists often presuppose to be beyond control, the authors analyze the political and social underpinning of inflation and recession. Part 1 places the economic problems of the 1970s in the historical context of postwar development and then compares economic and political science analyses of inflation. Part 2 examines how rivalries between social groups affect inflationary processes. One chapter draws on the history of Latin American inflation to suggest the conflicts in play. Two others weigh the role of labor and industry in the formation of economic policy. And another shows how rivalry between countries, like rivalry between classes at home, permitted inflation to rise. The chapters in part 3 contest the claim that big government or big labor causes inflation. Two studies emphasize that a high degree of public expenditure does not itself lead to inflation. Further contributions explore the role of central banks and subject such concepts as the political business cycle to critical analysis. Part 4 comprises case studies about macroeconomic policymaking in four nations: Italy, Germany, Japan, and Sweden. The studies reveal what institutional attributes rendered those countries resistant to inflation or vulnerable to economic setback. In the last part, the editors pull together the findings and lay out the contemporary political feasibility of alternative approaches to macroeconomic management.
Author: Michael D. Bordo
Author: Michael D. Bordo
Author: Andrés Solimano
Author: Mark Wheeler
Author: Ben S. Bernanke
Author: Paul Krugman
Author: James Grant
Author: Paul R. Krugman
Author: Tom Cammack
Author: Daniel S. Shaffer
Author: Leon Lindberg