The Great Inflation

Released on by Michael D. Bordo
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  • The Great Inflation Book Detail

  • Author : Michael D. Bordo
  • Release Date : 2013-06-28
  • Publisher : University of Chicago Press
  • Genre : Business & Economics
  • Pages : 545
  • ISBN 13 : 0226066959
  • File Size : 48,48 MB
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The Great Inflation by Michael D. Bordo PDF Summary

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.

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The Great Inflation

The Great Inflation

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Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, i

The Costs and Benefits of Price Stability

The Costs and Benefits of Price Stability

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In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confrontin