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Inflation Matters
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Download or read book Inflation Matters written by Pete Comley and published by Pete Comley. This book was released on 2015-01-30 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation Matters is the first truly comprehensive book about inflation written in a simple and easy-to-read style. The book covers everything from the basics of how inflation is defined and measured through to the impact of inflation and its winners and losers. It highlights the difficulty in calculating inflation and that conventional measures (such as CPI in the UK) often underestimate it for a number of reasons. It also examines deflation and why it is regarded as a problem by economists. The book examines the history of world inflation. It looks at the causes of inflation and shows that they are many and complex. The book reveals a new model of inflation – Inflationary Wave Theory. It proposes that long-term inflation is created by population growth and competition for resources. Price increases depict a wave-like pattern over the centuries due to effects of man exploiting the inflation trend to such a point that prices eventually consolidate over a long period. The world is about to enter this stage of near-zero inflation. The book examines how this transition might take place and the conditions that need to be fulfilled. It is likely to be accompanied by some form of deflationary shock. Investing over the coming decades will therefore be difficult and the book discusses the implications of it for future wealth management. Book contents: PART I: INFLATION FACT AND FICTION 1 What is inflation? 2 Inflation and the money supply theory 3 Other theories about inflation 4 Deflation and why it is regarded as a problem 5 UK inflation measures 6 Inflation measurement issues PART II: INFLATION PAST 7 Inflationary Wave Theory 8 World War I and learning about hyperinflation 9 The 1930s depression and the deflation bogeyman 10 World War II, debts and the low inflation world 11 The 1970s inflation crisis and fiat currencies PART III: INFLATION PRESENT 12 The Great Moderation and the Great Recession 13 Japan and deflation 14 Governments and inflation 15 The era of inflation targeting 16 The impact of current inflation PART IV: DEFLATION YET TO COME 17 The big picture: a century of more stable prices 18 The transition period and near-term inflation 19 Price stability and the consolidation period 20 Managing wealth as we head towards near-zero inflation More information can be found at: inflationmatters.com.
Download or read book Inflation Matters written by Pete Comley and published by CreateSpace. This book was released on 2015-07-31 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This well written, thoroughly researched and interesting book provides a comprehensive and well balanced account of what causes inflation and what we can do about it." John Mills (economist, , political commentator, and founder and chairman of JML, the consumer goods company.) "This easily readable book (it is mercifully free from equations, jargon and excessive references) serves two purposes. The first is to describe and explain the concepts involved and the implications of inflation at various levels. It answers the textbook need for a clear and straightforward grasp of the subject. The second purpose is to derive a very long term pattern of cycles which, being likely to continue into the future, may assist in prediction and thus in making investment decisions. If a book is to enable one to assemble a body of knowledge constructively and systematically and if one hopes in the process to be stimulated into new thoughts, then Inflation Matters is not only well worth reading but a book that amply justifies its title." (Book review - Economics Research Council - May 2015) Book Description: Inflation Matters is the first truly comprehensive book about inflation written in a simple and easy-to-read style. The book covers everything from the basics of how inflation is defined and measured through to the impact of inflation and its winners and losers. It highlights the difficulty in calculating inflation and that conventional measures (such as CPI in the UK) often underestimate it for a number of reasons. It also examines deflation and why it is regarded as a problem by economists. The book examines the history of world inflation. It looks at the causes of inflation and shows that they are many and complex. The book reveals a new model of inflation - Inflationary Wave Theory. It proposes that long-term inflation is created by population growth and competition for resources. Price increases depict a wave-like pattern over the centuries due to effects of man exploiting the inflation trend to such a point that prices eventually consolidate over a long period. The world is about to enter this stage of near-zero inflation. The book examines how this transition might take place and the conditions that need to be fulfilled. It is likely to be accompanied by some form of deflationary shock. Investing over the coming decades will therefore be difficult and the book discusses the implications of it for future wealth management. Book contents: PART I: INFLATION FACT AND FICTION 1 What is inflation? 2 Inflation and the money supply theory 3 Other theories about inflation 4 Deflation and why it is regarded as a problem 5 UK inflation measures 6 Inflation measurement issues PART II: INFLATION PAST 7 Inflationary Wave Theory 8 World War I and learning about hyperinflation 9 The 1930s depression and the deflation bogeyman 10 World War II, debts and the low inflation world 11 The 1970s inflation crisis and fiat currencies PART III: INFLATION PRESENT 12 The Great Moderation and the Great Recession 13 Japan and deflation 14 Governments and inflation 15 The era of inflation targeting 16 The impact of current inflation PART IV: DEFLATION YET TO COME 17 The big picture: a century of more stable prices 18 The transition period and near-term inflation 19 Price stability and the consolidation period 20 Managing wealth as we head towards near-zero inflation More information can be found at: inflationmatters.com.
Book Synopsis Inflation Expectations by : Peter J. N. Sinclair
Download or read book Inflation Expectations written by Peter J. N. Sinclair and published by Routledge. This book was released on 2009-12-16 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.
Book Synopsis The Great Inflation by : Michael D. Bordo
Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Inflation Targeting by : John E. Baiden
Download or read book Inflation Targeting written by John E. Baiden and published by Xlibris Corporation. This book was released on 2012-03-02 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book happens to be the authors treatise on inflation and his thesis on Inflation Targeting. The book discusses the remedies for inflation in general and inflation targeting in particular.
Book Synopsis The Inflation-Targeting Debate by : Ben S. Bernanke
Download or read book The Inflation-Targeting Debate written by Ben S. Bernanke and published by University of Chicago Press. This book was released on 2007-11-01 with total page 469 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation targeting as a framework for monetary policymaking. As the name suggests, in such inflation-targeting regimes, the central bank is responsible for achieving a publicly announced target for the inflation rate. While the objective of controlling inflation enjoys wide support among both academic experts and policymakers, and while the countries that have followed this model have generally experienced good macroeconomic outcomes, many important questions about inflation targeting remain. In Inflation Targeting, a distinguished group of contributors explores the many underexamined dimensions of inflation targeting—its potential, its successes, and its limitations—from both a theoretical and an empirical standpoint, and for both developed and emerging economies. The volume opens with a discussion of the optimal formulation of inflation-targeting policy and continues with a debate about the desirability of such a model for the United States. The concluding chapters discuss the special problems of inflation targeting in emerging markets, including the Czech Republic, Poland, and Hungary.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :9781557756145 Total Pages :24 pages Book Rating :4.7/5 (561 download)
Book Synopsis Does the Exchange Regime Matter for inflation and Growth? by : International Monetary Fund
Download or read book Does the Exchange Regime Matter for inflation and Growth? written by International Monetary Fund and published by International Monetary Fund. This book was released on 1996-09-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the theoretical relationships are ambiguous, evidence suggestsa strong link between the choice of the exchange rate regime and economicperformance. The paper argues that adopting a pegged exchange rate canlead to lower inflation, but also to slower growth in productivity. Itfinds that on average per capita GDP growth was slightly faster underfloating regimes than under pegged exchange regimes.
Book Synopsis Income Inequality by : Mr.Ales Bulir
Download or read book Income Inequality written by Mr.Ales Bulir and published by International Monetary Fund. This book was released on 1998-01-01 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper contributes to the income inequality literature that is based on the traditional Kuznets model. Price stability, financial deepening, level of development, state employment, and fiscal redistribution are found to enhance income equality in a given country. While the effect of price stability is uniform for all levels of GDP per capita, the effect of financial deepening is found to increase with the level of development. Moreover, tight monetary policies do not seem to have any austere effects; low inflation reinforces, rather than counteracts, the income-equalizing effect of fiscal redistribution.
Book Synopsis Does Inflation Targeting Matter? by : Laurence M. Ball
Download or read book Does Inflation Targeting Matter? written by Laurence M. Ball and published by International Monetary Fund. This book was released on 2003-06-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper asks whether inflation targeting improves economic performance, as measured by the behavior of inflation, output, and interest rates. We compare 7 OECD countries that adopted inflation targeting in the early 1990s to 13 that did not. After the early 1990s, performance improved along many dimensions for both targeting and nontargeting countries. In some cases, the targeters improved by more. However, these differences are explained by the fact that targeters performed worse than nontargeters before the early 1990s, and there is regression towards the mean. Once one controls for this, there is no evidence that inflation targeting improves performance.
Book Synopsis Inflation and the Economy by : Patricia Knox
Download or read book Inflation and the Economy written by Patricia Knox and published by . This book was released on 1991 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Words That Matter written by Leticia Bode and published by Brookings Institution Press. This book was released on 2020-05-26 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the 2016 news media environment allowed Trump to win the presidency The 2016 presidential election campaign might have seemed to be all about one man. He certainly did everything possible to reinforce that impression. But to an unprecedented degree the campaign also was about the news media and its relationships with the man who won and the woman he defeated. Words that Matter assesses how the news media covered the extraordinary 2016 election and, more important, what information—true, false, or somewhere in between—actually helped voters make up their minds. Using journalists' real-time tweets and published news coverage of campaign events, along with Gallup polling data measuring how voters perceived that reporting, the book traces the flow of information from candidates and their campaigns to journalists and to the public. The evidence uncovered shows how Donald Trump's victory, and Hillary Clinton's loss, resulted in large part from how the news media responded to these two unique candidates. Both candidates were unusual in their own ways, and thus presented a long list of possible issues for the media to focus on. Which of these many topics got communicated to voters made a big difference outcome. What people heard about these two candidates during the campaign was quite different. Coverage of Trump was scattered among many different issues, and while many of those issues were negative, no single negative narrative came to dominate the coverage of the man who would be elected the 45th president of the United States. Clinton, by contrast, faced an almost unrelenting news media focus on one negative issue—her alleged misuse of e-mails—that captured public attention in a way that the more numerous questions about Trump did not. Some news media coverage of the campaign was insightful and helpful to voters who really wanted serious information to help them make the most important decision a democracy offers. But this book also demonstrates how the modern media environment can exacerbate the kind of pack journalism that leads some issues to dominate the news while others of equal or greater importance get almost no attention, making it hard for voters to make informed choices.
Download or read book Inflation Tax written by Pete Comley and published by Pete Comley. This book was released on 2013 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation Tax is the first book to present in simple easy to read way why inflation is such a big problem in the UK (even at low levels). It is reducing the standard of living of most people and redistributing wealth from savers to debtors. The book shows that inflation is not a mere by-product of random economic forces. Instead it is a stealth tax primarily paid by savers and pensioners. Furthermore, it has been used by successive governments since 1945 as a tool to manage the UK's debts. The book examines likely future inflation scenarios in the UK and the best ways to save and invest in those environments. Contents: SECTION I - INFLATION 1. Inflation - why you should be worried 2. What is inflation? 3. Theories of inflation 4. Measuring inflation: RPI/CPI SECTION II - DEBT 5. Government debt and the UK's Financial Dunkirk 6. Labour's post war solution to the debt 7. US inflation reduces UK debts 8. Debt: 1970s onwards SECTION III - INFLATION TAX 9. The benefits of inflation tax 10. Who pays inflation tax? 11. Disguising inflation tax 12. Problems with inflation tax SECTION IV - THE IMPLICATIONS 13. How to pay less inflation tax 14. Future debt and inflation scenarios 15. Concluding thoughts
Book Synopsis Monetary Regimes and Inflation by : Peter Bernholz
Download or read book Monetary Regimes and Inflation written by Peter Bernholz and published by Edward Elgar Publishing. This book was released on 2015-04-30 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the characteristics of inflations and comparing historical cases from Roman times up to the modern day, this book provides an in depth discussion of the subject. It analyses the high and moderate inflations caused by the inflationary bias of
Book Synopsis Does Inflation Targeting Matter? by : Laurence M. Ball
Download or read book Does Inflation Targeting Matter? written by Laurence M. Ball and published by . This book was released on 2003 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper asks whether inflation targeting improves economic performance, as measured by the behavior of inflation, output, and interest rates. We compare seven OECD countries that adopted inflation targeting in the early 1990s to thirteen that did not. After the early 90s, performance improved along many dimensions for both the targeting countries and the non-targeters. In some cases the targeters improved by more; for example, average inflation fell by a larger amount. However, these differences are explained by the facts that targeters performed worse than non-targeters before the early 90s, and there is regression to the mean. Once one controls for regression to the mean, there is no evidence that inflation targeting improves performance.
Book Synopsis What is Keeping U.S. Core Inflation Low by : Mr.Yasser Abdih
Download or read book What is Keeping U.S. Core Inflation Low written by Mr.Yasser Abdih and published by International Monetary Fund. This book was released on 2016-09-07 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, U.S. core PCE goods and services inflation have evolved differently. Against the backdrop of global concerns of low inflation, we use this trend as motivation to develop a bottom-up model of U.S. inflation. We find that domestic forces play a larger role relative to foreign factors in influencing core services inflation, while foreign factors predominantly drive core goods price changes. When comparing forecasting performance, we find that both the aggregate Phillips curve and the bottom up approach give low root mean square errors. The latter, however, is more informative in tracing the effects of shocks and understanding the exact channels through which they affect aggregate inflation. Using scenario analysis—and given a relatively low sensitivity of core inflation to changes in slack, both at the aggregate Phillips curve and sub-components levels—we find that global pressures will likely keep core PCE inflation below 2 percent for the foreseeable future unless the dollar starts to depreciate markedly and the unemployment rate goes well below the natural rate. These results support the accommodative stance of monetary policy pursued thus far and, going forward, underscore the need for proceeding cautiously and very gradually in raising the federal funds rate.
Book Synopsis Cosmological Inflation, Dark Matter and Dark Energy by : Kazuharu Bamba
Download or read book Cosmological Inflation, Dark Matter and Dark Energy written by Kazuharu Bamba and published by MDPI. This book was released on 2019-11-14 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Various cosmological observations support not only cosmological inflation in the early universe, which is also known as exponential cosmic expansion, but also that the expansion of the late-time universe is accelerating. To explain this phenomenon, the existence of dark energy is proposed. In addition, according to the rotation curve of galaxies, the existence of dark matter, which does not shine, is also suggested. If primordial gravitational waves are detected in the future, the mechanism for realizing inflation can be revealed. Moreover, there exist two main candidates for dark matter. The first is a new particle, the existence of which is predicted in particle physics. The second is an astrophysical object which is not found by electromagnetic waves. Furthermore, there are two representative approaches to account for the accelerated expansion of the current universe. One is to assume the unknown dark energy in general relativity. The other is to extend the gravity theory to large scales. Investigation of the origins of inflation, dark matter, and dark energy is one of the most fundamental problems in modern physics and cosmology. The purpose of this book is to explore the physics and cosmology of inflation, dark matter, and dark energy.
Book Synopsis Inflation Targeting and Fiscal Rules by : Jean-Louis Combes
Download or read book Inflation Targeting and Fiscal Rules written by Jean-Louis Combes and published by International Monetary Fund. This book was released on 2014-05-28 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper examines the joint impact of inflation targeting (IT) and fiscal rules (FR) on fiscal behavior and inflation in a broad panel of advanced and developing economies over the period 1990-2009. The main contribution of the paper is to show that, as suggested by the theoretical literature, interactions between FR and IT matter a great deal for policy outcomes. Specifically, the combination of FR and IT appears to deliver more disciplined macroeconomic policies than each of these institutions in isolation. In addition, the sequencing of the monetary and fiscal reforms plays a role: adopting FR before IT delivers stronger results than the reverse sequence.
