From Bretton Woods To World Inflation PDF Download
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Author | : Hazlitt |
Publisher | : Ludwig von Mises Institute |
Total Pages | : 184 |
Release | : 2009 |
Genre | : Business & Economics |
ISBN | : 1610161432 |
Download From Bretton Woods to World Inflation Book in PDF, ePub and Kindle
Author | : Henry Hazlitt |
Publisher | : |
Total Pages | : 179 |
Release | : 1984 |
Genre | : Inflation (Finance) |
ISBN | : |
Download From Bretton Woods to World Inflation Book in PDF, ePub and Kindle
Author | : Michael D. Bordo |
Publisher | : University of Chicago Press |
Total Pages | : 545 |
Release | : 2013-06-28 |
Genre | : Business & Economics |
ISBN | : 0226066959 |
Download The Great Inflation Book in PDF, ePub and Kindle
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 | : Robert Z. Aliber |
Publisher | : Sage Publications (CA) |
Total Pages | : 96 |
Release | : 1973 |
Genre | : Business & Economics |
ISBN | : |
Download Monetary Reform and World Inflation Book in PDF, ePub and Kindle
Author | : Benn Steil |
Publisher | : Princeton University Press |
Total Pages | : 480 |
Release | : 2013-02-24 |
Genre | : Business & Economics |
ISBN | : 0691149097 |
Download The Battle of Bretton Woods Book in PDF, ePub and Kindle
Recounts the events of the Bretton Woods accords, presents portaits of the two men at the center of the drama, and reveals Harry White's admiration for Soviet economic planning and communications with intelligence officers.
Author | : Irving Sigmund Friedman |
Publisher | : Boston : Houghton Mifflin |
Total Pages | : 328 |
Release | : 1973 |
Genre | : Business & Economics |
ISBN | : |
Download Inflation a World-wide Disaster Book in PDF, ePub and Kindle
Author | : Naomi R. Lamoreaux |
Publisher | : Yale University Press |
Total Pages | : 505 |
Release | : 2019-07-23 |
Genre | : Banks and banking, International |
ISBN | : 0300236794 |
Download The Bretton Woods Agreements Book in PDF, ePub and Kindle
Commentaries by top scholars alongside the most important documents and speeches concerning the Bretton Woods Conference of 1944 The two world wars brought an end to a long-standing system of international commerce based on the gold standard. After the First World War, the weaknesses in the gold standard contributed to hyperinflation, the Great Depression, the rise of fascism, and ultimately World War II. The Bretton Woods Conference of 1944 arose out of the Allies' desire to design a postwar international economic system that would provide a basis for prosperity, trade, and worldwide economic development. Alongside important documents and speeches concerning the adoption and evolution of the Bretton Woods system, this volume includes lively, readable, original essays on such topics as why the gold standard was doomed, how Bretton Woods encouraged the adoption of Keynesian economics, how the agreements influenced late-twentieth-century ideas of international development, and why the agreements ultimately had to give way to other arrangements.
Author | : Andreas Beyer |
Publisher | : |
Total Pages | : 67 |
Release | : 2009 |
Genre | : Deutsche Bundesbank |
ISBN | : |
Download Opting Out of the Great Inflation Book in PDF, ePub and Kindle
During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the international financial system. Eventually the Bundesbank provided the role model for the European Central Bank. Hence, we examine an episode of lasting importance in European monetary history. The purpose of this paper is to highlight how the Bundesbank monetary policy strategy contributed to this success. We analyze the strategy as it was conceived, communicated and refined by the Bundesbank itself. We propose a theoretical framework (following Söderström, 2005) where monetary targeting is interpreted, first and foremost, as a commitment device. In our setting, a monetary target helps anchoring inflation and inflation expectations. We derive an interest rate rule and show empirically that it approximates the way the Bundesbank conducted monetary policy over the period 1975-1998. We compare the Bundesbank's monetary policy rule with those of the FED and of the Bank of England. We find that the Bundesbank's policy reaction function was characterized by strong persistence of policy rates as well as a strong response to deviations of inflation from target and to the activity growth gap. In contrast, the response to the level of the output gap was not significant. In our empirical analysis we use real-time data, as available to policymakers at the time. -- Inflation ; Price Stability ; Monetary Policy ; Monetary Targeting ; Policy Rules.
Author | : Eric Monnet |
Publisher | : International Monetary Fund |
Total Pages | : 32 |
Release | : 2019-07-24 |
Genre | : Business & Economics |
ISBN | : 1498326773 |
Download Do Old Habits Die Hard? Central Banks and the Bretton Woods Gold Puzzle Book in PDF, ePub and Kindle
Why did monetary authorities hold large gold reserves under Bretton Woods (1944–1971) when only the US had to? We argue that gold holdings were driven by institutional memory and persistent habits of central bankers. Countries continued to back currency in circulation with gold reserves, following rules of the pre-WWII gold standard. The longer an institution spent in the gold standard (and the older the policymakers), the stronger the correlation between gold reserves and currency. Since dollars and gold were not perfect substitutes, the Bretton Woods system never worked as expected. Even after radical institutional change, history still shapes the decisions of policymakers.
Author | : Michael D. Bordo |
Publisher | : University of Chicago Press |
Total Pages | : 692 |
Release | : 2007-12-01 |
Genre | : Business & Economics |
ISBN | : 0226066908 |
Download A Retrospective on the Bretton Woods System Book in PDF, ePub and Kindle
At the close of the Second World War, when industrialized nations faced serious trade and financial imbalances, delegates from forty-four countries met in Bretton Woods, New Hampshire, in order to reconstruct the international monetary system. In this volume, three generations of scholars and policy makers, some of whom participated in the 1944 conference, consider how the Bretton Woods System contributed to unprecedented economic stability and rapid growth for 25 years and discuss the problems that plagued the system and led to its eventual collapse in 1971. The contributors explore adjustment, liquidity, and transmission under the System; the way it affected developing countries; and the role of the International Monetary Fund in maintaining a stable rate. The authors examine the reasons for the System's success and eventual collapse, compare it to subsequent monetary regimes, such as the European Monetary System, and address the possibility of a new fixed exchange rate for today's world.