Inflation Targeting and Central Banks (Banking, Money and International Finance)
by Joanna Niedzwiedzinska
Over the last three decades, inflation targeting (IT) has become the most popular monetary policy framework among larger economies. At the same time, its constituting features leave room for different interpretations, translating into various central banks’ institutional set-ups. Against this backdrop, this book investigates the importance of institutional arrangements for policy outcomes. In particular, the book answers the question of whether there are significant differences in IT central ban...
Pacific Economic Monitor - August 2022 (Pacific Economic Monitor)
The Pacific region is expected to grow by 4.7% in 2022 and 5.4% in 2023 as most economies emerge from the worst of the pandemic-induced downturn. This issue of the Pacific Economic Monitor focuses on building and financing resilience to climate change and disasters. It also explores the impacts on the region of the Russian invasion of Ukraine, such as higher commodity prices.
Nicht-Monetaere Inflationsursachen in Russland (Sozialoekonomische Schriften, #32)
by Zulia Gubaydullina
Seit langer Zeit konkurrieren monetare und nicht-monetare Ursachen bei der Erklarung von Inflation. Wahrend Milton Friedman ("Inflation is always and everywhere a monetary phenomenon") die erste Position vertritt, finden z.B. Paul Samuelson oder John Cochrane auch Argumente fur nicht-monetare Ursachen. Die Arbeit untersucht in Bezug auf Russland, zwischen 1992 und 2004, ob die nicht-monetaren Ursachen der Inflation empirisch relevant sind. Russland ist fur diese Frage insofern von besonderer Bed...
THE MONEY SUPPLY IN THE ECONOMIC PROCESS (The International Library of Critical Writings in Economics)
The editors of this important collection bring together a selection of previously published articles which outline the role of the money supply in the economic process from a post Keynesian perspective, paying particular attention to the writings of Kaldor.The volume begins with literature which evolved since the Radcliffe Report, whilst the remaining chapters are divided into sections on the Post Keynesian Critique of the Monetarist Positions, Reactions to the 'Monetarist Experiment' and The Re...
Wage Restraint and the Control of Inflation (Routledge Library Editions: Inflation)
Since 1945 preventing runaway wage inflation has been regarded as a key policy in managing an economy in a successful way. The exact nature of pay control has varied from country to country and from time to time. This book, originally published in 1987, examines pay control policies in major Western economies. It surveys developments from 1945 and explores the aims of pay policies and discusses the problems of implementation, comparing the different kinds of policies. By comparing the performan...
Inflation
Inflation is the rise in the amount of money circulating in a given economy over a period of time resulting in a general rise in prices. It is measured as the percentage rate of change of a price index. Mainstream economists overwhelmingly agree that high rates of inflation are caused by high rates of growth of the money supply. Views on the factors that determine moderate rates of inflation, especially in the short run, are more varied: changes in inflation are sometimes attributed mostly to ch...
Gold Prices and Wages (Routledge Revivals) (Routledge Revivals)
by J A Hobson
First published in 1913, this Routledge Revivals title reissues J. A. Hobson’s seminal analysis of the causal link between the rise in gold prices and the increase in wages and consumer buying power in the early years of the Twentieth Century. Contrary to the assertions of some notable contemporary economists and businessmen, Hobson contended that the relationship between gold prices and wages (and the resulting social unrest across much of Europe) was in fact much more complex than it initially...
There is widespread and growing consensus that the single most important goal of monetary policy should be the pursuit of price stability. To reflect this an increasing number of central banks have been granted independence and charged with the exclusive objective of controlling inflation. In January 1999 the Central Bank of Brazil decided to adopt an explicit inflation targeting approach. To inform this process the Bank and the International Monetary Fund held a seminar in Rio de Janeiro on 3-5...
Inflation & The Consumer Price Index
Since the end of World War II, the United States has experienced almost continuous inflation -- the general rise in the price of goods and services. The costs of inflation are related to its rate, the uncertainty it engenders, whether it is anticipated, and the degree to which contracts and the tax system are indexed. A major cost is related to the inefficient utilisation of resources because economic agents mistake changes in nominal variables for changes in real variables and act accordingly....
Here is a practical guide to the essentials of business. This book provides everything you need to know about the key concepts and terms, from accountability to zero-sum game. Everything from management, economics and finance to marketing, organizational behaviour and operations is covered in just the right amount of detail to make things clear and intelligible. Business: The Key Concepts: * is detailed yet approachable* considers new developments in business, notably eBusiness and contemporar...
Wage-Fixing (Routledge Revivals) (Routledge Revivals: Stagflation)
by J. E. Meade
This reissue, first published in 1982, is the first of two volumes on the causes and cure of Stagflation - the two-headed monster that combines mass unemployment with rapid inflation, which affected contemporary economies across the industrially developped world in the 1970s. Professor Meade outlines the nature of the problem, contrasting the Great Slump of the 1930s with the Great Stagflation of the 1970s and comparing the Orthodox Keynesian and Monetarist approaches with the New Keynesian st...