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Author | : Robert J. Samuelson |
Publisher | : Random House Trade Paperbacks |
Total Pages | : 353 |
Release | : 2010-01-26 |
Genre | : Business & Economics |
ISBN | : 0812980042 |
Download The Great Inflation and Its Aftermath Book in PDF, ePub and Kindle
The Great Inflation in the 1960s and 1970s, notes award-winning columnist Robert J. Samuelson, played a crucial role in transforming American politics, economy, and everyday life. The direct consequences included stagnation in living standards, a growing belief—both in America and abroad—that the great-power status of the United States was ending, and Ronald Reagan’s election to the presidency in 1980. But that is only half the story. The end of high inflation led to two decades of almost uninterrupted economic growth, rising stock prices and ever-increasing home values. Paradoxically, this prolonged prosperity triggered the economic and financial collapse of 2008 and 2009 by making Americans—from bank executives to ordinary homeowners—overconfident, complacent, and careless. The Great Inflation and its Aftermath, Samuelson contends, demonstrated that we have not yet escaped the boom-and-bust cycles common in the nineteenth and early twentieth centuries. This is a sobering tale essential for anyone who wants to understand today’s world.
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 | : Jean Pisani-Ferry |
Publisher | : Oxford University Press, USA |
Total Pages | : 225 |
Release | : 2011 |
Genre | : Business & Economics |
ISBN | : 0199993335 |
Download The Euro Crisis and Its Aftermath Book in PDF, ePub and Kindle
The euro's life, while only slightly more than a decade long, has been riddled by a series of challenges and crises. The disparity between the prosperous Northern countries of Germany and France and the plummeting Southern countries, including Italy and Greece, has exacerbated problems withinthe political and economic union of the Eurozone. The North, especially Germany, has debated where to draw the line between doing whatever is necessary to save the common currency and what they have viewed as a charity bailout of countries who flouted the rules for a decade and suffered predictableconsequences. Meanwhile, Southern countries such as Italy, Spain, and Greece have grown increasingly bitter at the attitudes of their partners to the North. Amidst loud and frequent debates, solutions including routes for increased integration and punitive policies and reforms have been enacted anddiscarded to a limited degree of success. The struggles facing this monetary union continue to unfold even today.The Euro Crisis and Its Aftermath was written to inform readers about the history of this enduring European crisis and the alternative proposals for ending it. In four parts, Jean Pisani-Ferry explains the origins of the European currency, the build-up of imbalances and oversights that led to thecrisis, the choices European policymakers have both addressed and ignored since 2010, the evolution of the policy agenda, and possible options for the future. The book is as much of an informative and analytical history as it is a prescriptive solution for a more prosperous future world economy.Rather than putting forth and supporting a thesis, Pisani-Ferry helps readers understand the past and present of the euro crisis and form their own opinions about potential solutions. It has grown out of his book Le Reveil des Demons published in France in 2011. The content has been updatedextensively to cover the events of the past few years and augmented to better explain the Eurozone to a global audience. This book is not intended to reach only economists, as time has long passed since European monetary unification was a debate limited to academics. This book is also for the policymakers searching for solutions, citizens of Europe enduring the consequences, and the international community that has felt the effects of an unstable Eurozone.
Author | : Ben S. Bernanke |
Publisher | : W. W. Norton & Company |
Total Pages | : 448 |
Release | : 2022-05-17 |
Genre | : Business & Economics |
ISBN | : 1324020474 |
Download 21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19 Book in PDF, ePub and Kindle
21st Century Monetary Policy takes readers inside the Federal Reserve, explaining what it does and why. In response to the COVID-19 pandemic, the Federal Reserve deployed an extraordinary range of policy tools that helped prevent the collapse of the financial system and the U.S. economy. Chair Jerome Powell and his colleagues lent directly to U.S. businesses, purchased trillions of dollars of government securities, pumped dollars into the international financial system, and crafted a new framework for monetary policy that emphasized job creation. These strategies would have astonished Powell’s late-20th-century predecessors, from William McChesney Martin to Alan Greenspan, and the advent of these tools raises new questions about the future landscape of economic policy. In 21st Century Monetary Policy, Ben S. Bernanke—former chair of the Federal Reserve and one of the world’s leading economists—explains the Fed’s evolution and speculates on its future. Taking a fresh look at the bank’s policymaking over the past seventy years, including his own time as chair, Bernanke shows how changes in the economy have driven the Fed’s innovations. He also lays out new challenges confronting the Fed, including the return of inflation, cryptocurrencies, increased risks of financial instability, and threats to its independence. Beyond explaining the central bank’s new policymaking tools, Bernanke also captures the drama of moments when so much hung on the Fed’s decisions, as well as the personalities and philosophies of those who led the institution.
Author | : Francois Trahan |
Publisher | : John Wiley & Sons |
Total Pages | : 228 |
Release | : 2011-07-13 |
Genre | : Business & Economics |
ISBN | : 1118134095 |
Download The Era of Uncertainty Book in PDF, ePub and Kindle
Macroeconomic Investment Strategies for an Era of Economic Uncertainty “Over the years, François’ insightful analyses of the business cycle has led to market calls that have both benefitted investors on the upside and (more important to many) protected them from losses on the downside. François’ incredible track record in successfully interpreting the trends that can be found in leading indicators and other macroeconomic data have also led to his well deserved reputation as an expert in sector rotation - providing investors on both the long and short side of the market opportunities to profit from his ideas. In my opinion, his most important and influential macro prediction to date was his call in the middle of the last decade when he predicted that the worst housing crisis in American history would soon be upon us, and that it would have far-ranging implications for both the global economy and world financial markets.”
Author | : Geoffrey Ingham |
Publisher | : Polity |
Total Pages | : 291 |
Release | : 2008 |
Genre | : Business & Economics |
ISBN | : 0745636489 |
Download Capitalism Book in PDF, ePub and Kindle
This book provides a basic introduction to the 'nuts and bolts' of capitalism for the beginner. Capitalism is a concise, masterly and up-to-date account of the world's most powerful economic system that is accessible to students and general readers.
Author | : Ben S. Bernanke |
Publisher | : National Geographic Books |
Total Pages | : 0 |
Release | : 2017-05-02 |
Genre | : Business & Economics |
ISBN | : 0393353990 |
Download The Courage to Act Book in PDF, ePub and Kindle
A New York Times Bestseller “A fascinating account of the effort to save the world from another [Great Depression]. . . . Humanity should be grateful.”—Financial Times In 2006, Ben S. Bernanke was appointed chair of the Federal Reserve, the unexpected apex of a personal journey from small-town South Carolina to prestigious academic appointments and finally public service in Washington’s halls of power. There would be no time to celebrate. The bursting of a housing bubble in 2007 exposed the hidden vulnerabilities of the global financial system, bringing it to the brink of meltdown. From the implosion of the investment bank Bear Stearns to the unprecedented bailout of insurance giant AIG, efforts to arrest the financial contagion consumed Bernanke and his team at the Fed. Around the clock, they fought the crisis with every tool at their disposal to keep the United States and world economies afloat. Working with two U.S. presidents, and under fire from a fractious Congress and a public incensed by behavior on Wall Street, the Fed—alongside colleagues in the Treasury Department—successfully stabilized a teetering financial system. With creativity and decisiveness, they prevented an economic collapse of unimaginable scale and went on to craft the unorthodox programs that would help revive the U.S. economy and become the model for other countries. Rich with detail of the decision-making process in Washington and indelible portraits of the major players, The Courage to Act recounts and explains the worst financial crisis and economic slump in America since the Great Depression, providing an insider’s account of the policy response.
Author | : Carmen M. Reinhart |
Publisher | : Princeton University Press |
Total Pages | : 513 |
Release | : 2011-08-07 |
Genre | : Business & Economics |
ISBN | : 0691152640 |
Download This Time Is Different Book in PDF, ePub and Kindle
An empirical investigation of financial crises during the last 800 years.
Author | : He Liping |
Publisher | : Routledge |
Total Pages | : 330 |
Release | : 2017-10-03 |
Genre | : Business & Economics |
ISBN | : 1351361880 |
Download Hyperinflation Book in PDF, ePub and Kindle
Since 1970s when the world was experiencing an "age of inflation", a great volume of academic research about hyperinflation has been conducted. However, it is also true that parrot-like superficial talks abound, without questioning the economic, political and social foundations existing underneath the economic phenomenon. Based on research results of contemporary economists, media reports and historical works, this book will be the most comprehensive narrative of all major events of hyperinflation worldwide from the turn of the first millennium to the mid-2010s. Firstly, it gives a brief illustration of the basic concepts of hyperinflation, starting with the definitions and price measurement. Then it traces and analyzes all major episodes of hyperinflation that occurred over the past two thousand years or so, from the earliest incidence to the four tidal waves in the 20th century, and to the three latest episodes in the 21st century. Using basic concepts in modern finance such as indexation and dollarization, this book explains why hyperinflation in some countries could explode into astronomical levels, while rhythms of hyperinflation in the 20th century world are in resonance of megatrends in world economy and politics. Finally, this book underscores the importance of policy making, institutional building and international relations in the process of hyperinflation and stabilization. Scholars and students studying money and finance, economic history, international finance and economics will be attracted by this book.
Author | : Robert J. Samuelson |
Publisher | : AtRandom |
Total Pages | : 304 |
Release | : 2001-02-06 |
Genre | : Social Science |
ISBN | : 0679647155 |
Download Untruth Book in PDF, ePub and Kindle
In Untruth, Newsweek and Washington Post columnist Robert J. Samuelson explains why our political, economic and cultural debates so routinely traffic in misinformation--popular fads that, like meteors, momentarily burn brightly in public consciousness and then fizzle out. Advocacy groups, politicians and their unwitting allies in the media instinctively create agendas of problems that afflict society and must be "solved".The problems are often exaggerated and oversimplified, and the result is that the public is misled about what is wrong and how easily it can be made right. Untruth is the first collection of Samuelson's insightful assaults on the conventional wisdom. Included are columns arguing that campaign contributions have not corrupted politics, that the "service economy" is not turning America into a nation of hamburger flippers, and that the Internet isn't the most important invention since the printing press.