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Author: Brigitte Granville
Publisher: Princeton University Press
ISBN: 1400846447
Category : Business & Economics
Languages : en
Pages : 291
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Book Description
Why we need to heed the lessons of high inflation Today's global economy, with most developed nations experiencing very low inflation, seems a world apart from the "Great Inflation" that spanned the late 1960s to early 1980s. Yet, in this book, Brigitte Granville makes the case that monetary economists and policymakers need to keep the lessons learned during that period very much in mind, lest we return to them by making the same mistakes we made in the past. Granville details the advances in macroeconomic thinking that gave rise to the "Great Moderation"—a period of stable inflation and economic growth, which lasted from the mid-1980s through the most recent financial crisis. She makes the case that the central banks' management of monetary policy—hinging on expectations and credibility—brought about this period of stability, and traces the roots of this success back to the eighteenth-century foundations of modern monetary thought. Tackling fundamental questions such as the causes of inflation and its relation to unemployment and growth, the natural rate of inflation hypothesis, the fiscal theory of the price level, and the proper goals of central banks, the book aims above all to demonstrate the dangers of forgetting the role of credibility in establishing sound monetary policy. With the lessons of the past firmly in mind, Granville presents stimulating ideas and proposals about inflation-targeting principles, which provide tools for present-day monetary authorities dealing with the forces of globalization, mercantilism, and reserve accumulation.
Author: Brigitte Granville
Publisher: Princeton University Press
ISBN: 1400846447
Category : Business & Economics
Languages : en
Pages : 291
Get Book Here
Book Description
Why we need to heed the lessons of high inflation Today's global economy, with most developed nations experiencing very low inflation, seems a world apart from the "Great Inflation" that spanned the late 1960s to early 1980s. Yet, in this book, Brigitte Granville makes the case that monetary economists and policymakers need to keep the lessons learned during that period very much in mind, lest we return to them by making the same mistakes we made in the past. Granville details the advances in macroeconomic thinking that gave rise to the "Great Moderation"—a period of stable inflation and economic growth, which lasted from the mid-1980s through the most recent financial crisis. She makes the case that the central banks' management of monetary policy—hinging on expectations and credibility—brought about this period of stability, and traces the roots of this success back to the eighteenth-century foundations of modern monetary thought. Tackling fundamental questions such as the causes of inflation and its relation to unemployment and growth, the natural rate of inflation hypothesis, the fiscal theory of the price level, and the proper goals of central banks, the book aims above all to demonstrate the dangers of forgetting the role of credibility in establishing sound monetary policy. With the lessons of the past firmly in mind, Granville presents stimulating ideas and proposals about inflation-targeting principles, which provide tools for present-day monetary authorities dealing with the forces of globalization, mercantilism, and reserve accumulation.
Author: Brigitte Granville
Publisher: Princeton University Press
ISBN: 0691145407
Category : Business & Economics
Languages : en
Pages : 290
Get Book Here
Book Description
Why we need to heed the lessons of high inflation Today's global economy, with most developed nations experiencing very low inflation, seems a world apart from the "Great Inflation" that spanned the late 1960s to early 1980s. Yet, in this book, Brigitte Granville makes the case that monetary economists and policymakers need to keep the lessons learned during that period very much in mind, lest we return to them by making the same mistakes we made in the past. Granville details the advances in macroeconomic thinking that gave rise to the "Great Moderation"—a period of stable inflation and economic growth, which lasted from the mid-1980s through the most recent financial crisis. She makes the case that the central banks' management of monetary policy—hinging on expectations and credibility—brought about this period of stability, and traces the roots of this success back to the eighteenth-century foundations of modern monetary thought. Tackling fundamental questions such as the causes of inflation and its relation to unemployment and growth, the natural rate of inflation hypothesis, the fiscal theory of the price level, and the proper goals of central banks, the book aims above all to demonstrate the dangers of forgetting the role of credibility in establishing sound monetary policy. With the lessons of the past firmly in mind, Granville presents stimulating ideas and proposals about inflation-targeting principles, which provide tools for present-day monetary authorities dealing with the forces of globalization, mercantilism, and reserve accumulation.
Author: Paul Donovan
Publisher: Routledge
ISBN: 1317690044
Category : Business & Economics
Languages : en
Pages : 215
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Book Description
Inflation is a simple topic, in that the basic concepts are something that everyone can understand. However, inflation is not a simplistic topic. The composition of inflation and what the different inflation measures try to represent cannot be summarised with a single line on a chart or a casual reference to a solitary data point. Investors very often fail to understand the detail behind inflation, and end up making bad investment decisions as a result. The Truth About Inflation does not set out to forecast inflation, but to help improve its understanding, so that investors can make better decisions to achieve the real returns that they need. Starting with a summary of long history of inflation, the drivers of price change are considered. Many of the "urban myths" that have built up about inflation are shown to be a consequence of irrational judgement or political scaremongering. Some behaviour, like the unhealthy veneration of gold as a means of inflation protection, is shown to be the result of historical accident. In the modern era of lower nominal investment returns, inflation inequality (whereby some groups experience persistently higher inflation than others) is a very important consideration. This book sets out the realities of price changes in the modern investing environment, without using economic equations or jargon. It gives investors the framework they need to think about inflation and how to protect themselves against it, whether the aggregate inflation of the future rises or falls from current levels.
Author: Bennett L. Schwartz
Publisher: SAGE Publications
ISBN: 1071930680
Category : Psychology
Languages : en
Pages : 727
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Book Description
Memory: Foundations and Applications covers key memory models, theories, and experiments, and demonstrates how students can improve their own ability to learn and remember. The new Fifth Edition includes research updates throughout, attention to individual, cross-linguistic, and cross-cultural differences, and support with how to assess evidence while minimizing personal bias to help students evaluate claims.
Author: James S. Nairne
Publisher: Psychology Press
ISBN: 1136872205
Category : Psychology
Languages : en
Pages : 561
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Book Description
The Foundations of Remembering presents a collection of essays written by top memory scholars in honor of Henry L. Roediger III. The chapters were originally delivered as part of the "Roddyfest" conference held in March 2005 to celebrate Purdue University's awarding of an honorary doctor of letters to Roediger in recognition of his many contributions to the field of psychology. Authors were given a simple charge: choose your own topic, but place your work in historical context. Roediger is fascinated by the intellectual lineage of ideas, so addressing historical "foundations" seemed a fitting tribute. The Chapters contained in this volume help to establish the foundations of remembering, circa the first decade of the 21st century, as perceived by some of the leading memory researchers in the world. Not surprisingly, each of the chapters touches on Roediger's research as well, largely because his work has helped to define and clarify many topics of interest to the memory field. The Foundations of Remembering is intended for a wide audience: students, scholars, and anyone interested in exploring the historical and conceptual roots of modern memory theory.
Author: Maria Soledad Beato
Publisher: Frontiers Media SA
ISBN: 2889763145
Category : Science
Languages : en
Pages : 228
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Book Description
Author: W. Allen
Publisher: Springer
ISBN: 1137383828
Category : Business & Economics
Languages : en
Pages : 270
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Book Description
British monetary policy was reactivated in 1951 when short-term interest rates were increased for the first time in two decades. The book explores the politics of formulating monetary policy in the 1950s and the techniques of implementing it, and discusses the parallels between the present monetary situation and that of 1951.
Author: Tom Williamson
Publisher: Routledge
ISBN: 1134039557
Category : Law
Languages : en
Pages : 393
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Book Description
This book examines investigative interviewing in a variety of different countries, with different types of criminal justice systems. A wide range of often controversial questions are addressed, including issues raised by the treatment of detainees at Guantanamo Bay, the role of legislation in preventing bad practice, and investigative interviewing and human rights.
Author: John Blundell
Publisher: Algora Publishing
ISBN: 1628940174
Category : Biography & Autobiography
Languages : en
Pages : 239
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Book Description
Lady Thatcher''s outstanding accomplishments, the debates she sparked, and her inimitable character, personality and style are captured in this collection of Parliamentary tributes and international comments, with a Foreword and Biographical Sketch by long-time advisor and friend John Blundell and an Introduction by The Rt Hon David Davis MP. These pages provide first-person observations and anecdotes describing vividly the policies of Margaret Thatcher, her life, and her legacy.
Author: Mark L. Howe
Publisher: Oxford University Press
ISBN: 019530845X
Category : Family & Relationships
Languages : en
Pages : 437
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Book Description
Few questions in psychology have generated as much debate as those concerning the impact of childhood trauma on memory. A lack of scientific research to constrain theory has helped fuel arguments about whether childhood trauma leads to deficits that result in conditions such as false memory or lost memory, and whether neurohormonal changes that are correlated with childhood trauma can be associated with changes in memory. Scientists have also struggled with more theoretical concerns, such as how to conceptualize and measure distress and other negative emotions in terms of, for example, discrete emotions, physiological response, and observer ratings. To answer these questions, Mark L. Howe, Gail Goodman, and Dante Cicchetti have brought together the most current and innovative neurobiological, cognitive, clinical, and legal research on stress and memory development. This research examines the effects of early stressful and traumatic experiences on the development of memory in childhood, and elucidates how early trauma is related to other measures of cognitive and clinical functioning in childhood. It also goes beyond childhood to both explore the long-term impact of stressful and traumatic experiences on the entire course of "normal" memory development, and determine the longevity of trauma memories that are formed early in life. Stress, Trauma, and Children's Memory Development will be a valuable resource for anyone interested in early experience, childhood trauma, and memory research.
