The Great Inflation

The Great Inflation PDF 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.

Oil Shock

Oil Shock PDF Author: Elisabetta Bini
Publisher: Bloomsbury Publishing
ISBN: 0857727559
Category : Political Science
Languages : en
Pages : 281

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Book Description
The 1973 'Oil Shock' is considered a turning point in the history of the twentieth century. At the time it seemed to mark a definitive shift from the era of low priced oil to the era of expensive oil. For most Western industrialized countries, it became the symbolic marker of the end of an era. For many oil producers, it translated into an unprecedented control over their energy resources, and completed the process of decolonization, leading to a profound redefinition of international relations.This book provides an analysis of the crisis and its global political and economic impact. It features contributions from a range of perspectives and approaches, including political, economic, environmental, international and social history. The authors examine the origins of what was defined as an 'oil revolution' by the oil-producing countries, as well as the far-reaching effects of the 'shock' on the Cold War and decolonization, on international energy markets and the global economy. In doing so, they help place the event in its historical context as a key moment in the transformation of the international economy and of North-South relations.

The Great Inflation

The Great Inflation PDF 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.

Three Essays on the Value of Collateral, on the Supply of Credit, and on the Sources of Business Fluctuations

Three Essays on the Value of Collateral, on the Supply of Credit, and on the Sources of Business Fluctuations PDF Author: Michael Marschoun
Publisher:
ISBN:
Category :
Languages : en
Pages : 424

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Book Description


Policy Shock

Policy Shock PDF Author: Edward J. Balleisen
Publisher: Cambridge University Press
ISBN: 1107140218
Category : Business & Economics
Languages : en
Pages : 593

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Book Description
In this book, compelling case studies show how past crises have reshaped regulation, and how policy-makers can learn from crises in the future.

Africa at a Turning Point?

Africa at a Turning Point? PDF Author: Delfin Sia Go
Publisher: World Bank Publications
ISBN: 0821372785
Category : Business & Economics
Languages : en
Pages : 602

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Book Description
Since the mid-1990s, sub-Saharan Africa has experienced an acceleration of economic growth that has produced rising incomes and faster human development. However, this growth contrasts with the continent's experience between 1975 and 1995, when it largely missed out on two decades of economic progress. This disparity between Africa's current experience and its history raises questions about the continent's development. Is there a turnaround in Africa s economy? Will growth persist? 'Africa at a Turning Point?' is a collection of essays that analyzes three interrelated aspects of Africa's recent revival. The first set of essays examines Africa's recent growth in the context of its history of growth accelerations and collapses. It seeks to answer such questions as, is Africa at a turning point? Are the economic fundamentals finally pointing toward more sustainable growth? The second set of essays looks at donor flows, which play a large role in Africa's growth. These essays focus on such issues as the management and delivery of increased aid, and the history and volatility of donor flows to Africa. The third set of essays considers the recent impact of one persistent threat to sustained growth in Africa: commodity price shocks, particularly those resulting from fluctuations in oil prices.

Advances in Markov-Switching Models

Advances in Markov-Switching Models PDF Author: James D. Hamilton
Publisher: Springer Science & Business Media
ISBN: 3642511821
Category : Business & Economics
Languages : en
Pages : 267

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Book Description
This book is a collection of state-of-the-art papers on the properties of business cycles and financial analysis. The individual contributions cover new advances in Markov-switching models with applications to business cycle research and finance. The introduction surveys the existing methods and new results of the last decade. Individual chapters study features of the U. S. and European business cycles with particular focus on the role of monetary policy, oil shocks and co movements among key variables. The short-run versus long-run consequences of an economic recession are also discussed. Another area that is featured is an extensive analysis of currency crises and the possibility of bubbles or fads in stock prices. A concluding chapter offers useful new results on testing for this kind of regime-switching behaviour. Overall, the book provides a state-of-the-art over view of new directions in methods and results for estimation and inference based on the use of Markov-switching time-series analysis. A special feature of the book is that it includes an illustration of a wide range of applications based on a common methodology. It is expected that the theme of the book will be of particular interest to the macroeconomics readers as well as econometrics professionals, scholars and graduate students. We wish to express our gratitude to the authors for their strong contributions and the reviewers for their assistance and careful attention to detail in their reports.

The Economics of the Oil Crisis

The Economics of the Oil Crisis PDF Author: T.M. Rybczynski
Publisher: Springer
ISBN: 134902810X
Category : Political Science
Languages : en
Pages : 237

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Book Description


Three Essays in Macroeconomics

Three Essays in Macroeconomics PDF Author: Jeffrey Malcolm Lacker
Publisher:
ISBN:
Category : Macroeconomics
Languages : en
Pages : 408

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Book Description


Essays in Economic Analysis

Essays in Economic Analysis PDF Author: Association of University Teachers of Economics
Publisher: CUP Archive
ISBN: 9780521211543
Category : Business & Economics
Languages : en
Pages : 300

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Book Description
UK. Collection of conference papers on economic analysis - discusses such subjects as macroeconomics, trade and the balance of payments, and employs utility functions, economic models, econometrics, etc. Diagrams, graphs, references and statistical tables. Conference held in sheffield 1975 apr.

Three Essays on Financial Markets and the Macroeconomy

Three Essays on Financial Markets and the Macroeconomy PDF Author: Shingo Goto
Publisher:
ISBN:
Category : Inflation
Languages : en
Pages : 506

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Book Description