Boom Inflation And Policy
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Boom Inflation And Policy
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Author : Conference Board. Economic Forum
language : en
Publisher:
Release Date : 1973
Boom Inflation And Policy written by Conference Board. Economic Forum and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1973 with Economic forecasting categories.
Inflation The Permanent Problem Of Boom And Bust
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Author : Robert Lekachman
language : en
Publisher: New York : Random House
Release Date : 1973
Inflation The Permanent Problem Of Boom And Bust written by Robert Lekachman and has been published by New York : Random House this book supported file pdf, txt, epub, kindle and other format this book has been release on 1973 with Business & Economics categories.
Sticky Inflation And The Real Effects Of Exchange Rate Based Stabilization
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Author : Oya Celasun
language : en
Publisher: International Monetary Fund
Release Date : 2003-07-01
Sticky Inflation And The Real Effects Of Exchange Rate Based Stabilization written by Oya Celasun and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-07-01 with Business & Economics categories.
Exchange rate-based inflation stabilization (ERBS) policies are associated with a boom-recession cycle in economic activity and sustained real exchange rate appreciation. A class of models in the literature has explained these empirical regularities with the lack of credibility of the stabilization plans. The lack-of-credibility models typically assume perfectly forward-looking pricing behavior without inflation stickiness and attribute the slow decline in inflation to the consumption boom that occurs due to the perceived temporariness of the ERBS policy. This paper tests the empirical validity of forward-looking pricing behavior in Mexico and Turkey, two countries which have experienced ERBS. It finds that the forward- and backward-looking components of inflation weigh approximately equally in pricing behavior, and therefore, that inflation is partially sticky. The paper then develops the theoretical implications of partial inflation stickiness in a lack of credibility model of ERBS and concludes that the presence of stickiness significantly reduces the persistence of the consumption boom predicted by the model, but helps to explain the recession in the late phase of the stabilization.
Inflation Targeting And Financial Stability
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Author : Michael Heise
language : en
Publisher: Springer
Release Date : 2019-02-26
Inflation Targeting And Financial Stability written by Michael Heise and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-26 with Business & Economics categories.
Since the financial crisis of 2008/09, the world’s major central banks have been struggling to return their economies to higher growth and to reach their inflation targets. This concise book analyzes the importance of central bank policies for the economy, and specifically investigates the reasons why they have failed to steer inflation as desired. The author, the Chief Economist at Allianz SE, argues that, in an environment of great uncertainty concerning the pass-through of monetary stimulus to the economy, central banks should not focus too narrowly on inflation targets, but should increasingly take the side effects of their actions into account. In particular, he contends that they must seek to minimize the risk of financial booms and busts in order to maximize long-term growth and prosperity. Building on existing research and contributing to the current debate, the book offers a valuable reference guide and food for thought for policymakers, professionals and students alike.
Inflation Recession And Economic Policy
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Author : Hyman P. Minsky
language : en
Publisher: Brighton, Sussex : Wheatsheaf Books
Release Date : 1982
Inflation Recession And Economic Policy written by Hyman P. Minsky and has been published by Brighton, Sussex : Wheatsheaf Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Business & Economics categories.
The Canadian Bar Journal
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Author :
language : en
Publisher:
Release Date :
The Canadian Bar Journal written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Employment Without Inflation
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Author : Benjamin Higgins
language : en
Publisher: Routledge
Release Date : 2018-01-16
Employment Without Inflation written by Benjamin Higgins and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-16 with Business & Economics categories.
The world economy has undergone a fundamental transformation in recent decades and theoretical structures inherited from the 1930s through the 1950s, while retaining large elements of truth, are inadequate to deal with current problems. Benjamin Higgins feels that for a society such as the United States a fiscal policy needs to be adopted that can deal simultaneously with existing unemployment and inflation. He suggests three possible governmental policies: stimulating a high rate of long-run growth, by use of reward innovations and by maintaining the highest possible level of scientific and technical activity; isolating regions that are generators of inflation and others that are pools for unemployment; and establishing a system of direct controls similar to those used in wartime. Higgins describes the transformation of the cogent prewar business cycle, with its alternations of inflation or unemployment, then a transitional period of underemployment equilibrium and secular stagnation, and finally, the strange new world of today, one with economic fluctuations in the form of shifting trade-off curves and loops. He then applies his new paradigm to current problems, showing why they cannot be managed through macroeconomic monetary and fiscal policy. Higgins offers case studies of efforts to fight inflation and unemployment, and to reduce regional gaps, to show their strengths and weaknesses. It can be said that unemployment always results from too many people chasing too few jobs, and inflation is always caused by too much money chasing too few goods and services. Beyond such banal generalizations, Higgins maintains there is no single cause for either unemployment or inflation, and thus no single cure can be prescribed for either, let alone for both at once. Nor is it to be expected that the appropriate cure will prove to be the same in all countries at all times. He suggests that an optimal blend of monetary and fiscal policy that will produce the "minimum discomfort" is a good start. Employment Without Inflation will be of direct policy interest to economists, sociologists, and national planners.
The Coming Boom
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Author : Herman Kahn
language : en
Publisher: New York : Simon and Schuster
Release Date : 1982
The Coming Boom written by Herman Kahn and has been published by New York : Simon and Schuster this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Business & Economics categories.
Om et kommende økonomisk opsving i USA.
The Great Inflation
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Author : Michael D. Bordo
language : en
Publisher: University of Chicago Press
Release Date : 2013-06-28
The Great Inflation written by Michael D. Bordo and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-28 with Business & Economics categories.
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.
Good Inflation Bad Inflation
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Author : Colin Hay
language : en
Publisher:
Release Date : 2015
Good Inflation Bad Inflation written by Colin Hay and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
This paper presents a comparative analysis of the determinants, sustenance and broader macroeconomic consequences of the ultimately unsustainable housing boom in Ireland and the UK in recent years. It examines, in particular, the role played by ostensibly depoliticised monetary policy in both contexts in the development of a house price bubble which served to fuel consumer-led growth. It assesses the viability, sustainability and reproducibility of the private debt-financed consumer boom that house price inflation has generated. In the process it draws attention to the increasingly differentiated character of both government inflationary preferences and counter-inflationary performance with the shift to official measures of inflation that exclude mortgage interest repayments and, in the UK at least, to the covert repoliticisation of monetary policy. It concludes by suggesting that governments may well not have time-inconsistent inflationary preferences, so much as sectorally specific inflationary preferences. This might be summarised in terms of the aphorism - 'retail price inflation poor, house price inflation good'