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Author: Michael D. Bordo
Publisher: University of Chicago Press
ISBN: 0226066959
Category : Business & Economics
Languages : en
Pages : 545
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Book Description
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: Michael D. Bordo
Publisher: University of Chicago Press
ISBN: 0226066959
Category : Business & Economics
Languages : en
Pages : 545
Get Book Here
Book Description
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.
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Publisher: Hoover Press
ISBN: 9780817958930
Category : Supply-side economics
Languages : en
Pages : 24
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Category : Government publications
Languages : en
Pages : 1114
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Category : Bank examination
Languages : en
Pages : 736
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Category : Biography & Autobiography
Languages : en
Pages : 594
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Author: George P. Shultz
Publisher: Hoover Press
ISBN: 0817923462
Category : Political Science
Languages : en
Pages : 78
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Book Description
What are the keys to good economic policy? George P. Shultz and John B. Taylor draw from their several decades of experience at the forefront of national economic policy making to show how market fundamentals beat politically popular government interventions—be they from Democrats or Republicans—as a recipe for success. Choose Economic Freedom reconstructs debates from the 1960s and 1970s about the use of wage and price controls as tools of policy, showing how brilliant economists can hold diametrically opposed views about the wisdom of using government intervention to spur the economy. Speeches and documents from the era include a recently unearthed memo from Arthur Burns, Federal Reserve chair, in 1971, in which he argues in favor of controls. Under Burns's guidance and in the face of stubborn inflation, Nixon introduced wage and price guidelines and freezes. But over the long run, these became a drag on the economy and ultimately failed. It wasn't until the Reagan administration that these controls were reversed, resulting in a vibrant economy. The words of iconic economist Milton Friedman—whose "free to choose" ethos inspired the free-market revolution of the Reagan era—along with lessons Shultz and Taylor learned from the front lines, demonstrate that tried-and-true economic policy works.
Author: Mark Baldassare
Publisher: Univ of California Press
ISBN: 9780520928817
Category : Social Science
Languages : en
Pages : 288
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Book Description
What will California look like by the middle of the twenty-first century? Change is occurring in the state at a breathtaking pace. The state will face many extraordinary challenges. Yet today most Californians believe that their elected officials are unable to develop effective public policies. Mark Baldassare examines the powerful undercurrents--economic, demographic, and political--shaping California at this critical juncture in its history. He focuses on three trends that are profoundly affecting the social and political landscape of the state: political distrust, racial and ethnic change, and regional diversity. Baldassare discusses the complexities of this situation and offers a series of substantive recommendations for how California can come to terms with the unprecedented challenges it faces.
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Category : Federal government
Languages : en
Pages : 152
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Category : Business
Languages : en
Pages : 40
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Book Description
Includes articles on international business opportunities.
Author: Thomas A. Lyson
Publisher:
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Category : Political Science
Languages : en
Pages : 296
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