The Great Inflation

Name: The Great Inflation
SKU: 20899677
Price: 392.99 AUD
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The Rebirth of Modern Central Banking

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Hardback

Series:

(NBER) National Bureau of Economic Research Conference Reports

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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 Biography:

Michael D. Bordo is professor of economics at Rutgers, the State University of New Jersey, and a research associate of the NBER. Athanasios Orphanides is a senior lecturer at the Massachusetts Institute of Technology's Sloan School of Management and a senior fellow of the Center for Financial Studies at the Goethe University Frankfurt.

Release date Australia

June 28th, 2013

Audiences

Postgraduate, Research & Scholarly
Professional & Vocational

Contributors

Edited by Athanasios Orphanides
Edited by Michael D. Bordo

Pages

544

Series

(NBER) National Bureau of Economic Research Conference Reports

Dimensions

16x24x4

ISBN-13

9780226066950

Product ID

20899677

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