Remembering inflation [electronic resource]

상세정보

자료유형	단행본
서명/저자사항	Remembering inflation [electronic resource] / Brigitte Granville.
개인저자	Granville, Brigitte.
발행사항	Princeton, New Jersey: Princeton University Press, 2013.
형태사항	1 online resource (xvi, 272 pages) : illustrations.
기타형태 저록	Print version: Granville, Brigitte. Remembering inflation. Princeton, New Jersey : Princeton University Press, 2013 0691145407
ISBN	9781400846443 (electronic bk.) 1400846447 (electronic bk.) 1299688063 (electronic bk.) 9781299688063 (electronic bk.)
서지주기	Includes bibliographical references and index.
내용주기	Cover; Title; Copyright; Dedication; CONTENTS; Preface; Acronyms; CHAPTER 1: The End of a Mirage More Money Increases Inflation but Not Employment; CHAPTER 2: Origins of Inflation Monetary, Fiscal, and Financial Links; CHAPTER 3: Ending Inflation Without Prolonged Recession Introducing Credibility; CHAPTER 4: The Coordination of Monetary and Fiscal Policy; CHAPTER 5: Who Is Voting for Low Inflation and Why?; CHAPTER 6: Monetary and Financial Stability Conflict or Complementarity; CHAPTER 7: Inflation in an Open World Does That Change the Rules?; CONCLUSION: Adapting to Expectations.
요약	"Today's global economy, with most developed nations experiencing very low inflation, seems a world apart from the "Great Inflation" that spanned the late 1960s to early 1980s. Yet, in this book, Brigitte Granville makes the case that monetary economists and policymakers need to keep the lessons learned during that period very much in mind, lest we return to them by making the same mistakes we made in the past. Granville details the advances in macroeconomic thinking that gave rise to the "Great Moderation"--A period of stable inflation and economic growth, which lasted from the mid-1980s through the most recent financial crisis. She makes the case that the central banks' management of monetary policy--hinging on expectations and credibility--brought about this period of stability, and traces the roots of this success back to the eighteenth-century foundations of modern monetary thought. Tackling fundamental questions such as the causes of inflation and its relation to unemployment and growth, the natural rate of inflation hypothesis, the fiscal theory of the price level, and the proper goals of central banks, the book aims above all to demonstrate the dangers of forgetting the role of credibility in establishing sound monetary policy. With the lessons of the past firmly in mind, Granville presents stimulating ideas and proposals about inflation-targeting principles, which provide tools for present-day monetary authorities dealing with the forces of globalization, mercantilism, and reserve accumulation."--Publisher's website.
일반주제명	Inflation (Finance) Monetary policy. BUSINESS & ECONOMICS --Inflation. POLITICAL SCIENCE / Public Policy / Economic Policy.
분류기호(DDC)	332.41
언어	영어
바로가기