The Spectre of Price Inflation - Couverture souple

Gillman, Max

Couverture souple

ISBN 10 : 1788212371 ISBN 13 : 9781788212373

Editeur : Agenda Publishing, 2022

Synopsis

What is the role of inflation in the modern economy? This accessible and authoritative exploration charts its place in monetary policy and its effects on everyday business.

Inflation, hyperinflation and deflation have all had profound effects on societies, especially during periods of war and crisis. Today's approach to managing inflation has been shaped by these episodes and informed by debates between different schools of economic thought from Fisher and Hayek to Keynes and the monetarists. In a compelling analysis, Max Gillman shows that since the financial crisis in 2008–09, inflation rates have remained persistently higher than interest rates worldwide, which is the inverse of our basic understanding of how inflation normally affects markets. The result of this inversion has been that the effective real return on investment has become negative, and consequently, the investment rate has dropped across western economies. At a time when inflation once again challenges the world's leading economies, the book offers valuable insight into the monetary policy of central banks.

A propos du livre

À propos de l?auteur

Max Gillman is Hayek Professor of Economic History at the University of Missouri–St Louis. His books include Advanced Modern Macroeconomics (2011) and Inflation Theory in Economics (2009). He has also edited Collected Papers on Monetary Theory by Robert E. Lucas, Jr. (2011).

Détails de l'édition

• Éditeur: Agenda Publishing
• Date d'édition: 2022
• Langue: anglais
• ISBN 10: 1788212371
• ISBN 13: 9781788212373
• Reliure: Broché
• Nombre de pages: 240
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible