Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
The Demand And Supply Of Money Under High Inflation
Download The Demand And Supply Of Money Under High Inflation full books in PDF, epub, and Kindle. Read online The Demand And Supply Of Money Under High Inflation ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
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 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 Economics of High Inflation by : Paul Beckerman
Download or read book The Economics of High Inflation written by Paul Beckerman and published by Springer. This book was released on 1991-11-13 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the complex of economic processes which sustains inflationary pressure in nations with severe inflation problems. Paul Beckerman uses an innovative approach to study the strategies inhabitants of economies with lengthy inflation experience use to maintain their purchasing power despite inflation. He examines how these tactics function as 'feedback mechanisms', economic processes by which inflation in any given time period generates inflationary pressure in subsequent periods, and how they complicate the efforts of policy-makers to achieve stabilization.
Book Synopsis Money and Inflation by : J. Huston McCulloch
Download or read book Money and Inflation written by J. Huston McCulloch and published by . This book was released on 1975 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Money, Inflation and Unemployment by : David Gowland
Download or read book Money, Inflation and Unemployment written by David Gowland and published by Palgrave Macmillan. This book was released on 1992-01-12 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the theoretical debate concerning the role of money and financial factors determining real economic activity.
Book Synopsis How Inflation Affects You by : Terry Teague Meyer
Download or read book How Inflation Affects You written by Terry Teague Meyer and published by The Rosen Publishing Group, Inc. This book was released on 2012-12-15 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation is a fact of life. Over time, prices for most goods and services invariably rise. If they fall, it is not for long. Economists even say that a moderate level of inflation is essential to a healthy economy. Readers evaluate what an unhealthy level of inflation is, what causes it, and how a period of high inflation is felt by the average person and his or her family. Readers explore exactly what inflation is, how, at moderate levels, it can help drive a healthy economy, and, at unacceptably high levels, it can destroy purchasing power and continued economic growth. Most importantly, the author reveals the concrete effects that inflation has upon federal, state, and local governments, on local businesses and municipalities, and on individuals and families. Charting exactly how prices rise, paychecks fail to keep pace, and economic activity slows down, this book traces all the many ripple effects of inflation throughout the economy, placing particular emphasis on how inflation affects the daily lives of ordinary people.
Book Synopsis The Demand and Supply of Money Under High Inflation by : Octávio Augusto Fontes Tourinho
Download or read book The Demand and Supply of Money Under High Inflation written by Octávio Augusto Fontes Tourinho and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A specification for the demand for money in economies where inflation is high and stochastic is presented. It uses a generalized functional form and includes the variance of the inflation rate as an explanatory variable, and is estimated for Brazil in the period 1974/94 under the assumption that the monetary policy is passive and that expectations are adaptive. The supply of money is then specified as a generalization to a stochastic environment of the rule proposed by Sargent and Wallace (1973). The money demand and supply equations are then estimated simultaneously, under rational expectations, by using the Johansen (1991) (VEC) procedure and interpreting the two cointegrating vectors which arise as the supply and demand equations. The restrictions suggested by the hypothesized theoretical models for the money market equilibrium in high inflation processes are tested and accepted for this data.
Book Synopsis Understanding Inflation by : Chet'la Sebree
Download or read book Understanding Inflation written by Chet'la Sebree and published by Cavendish Square Publishing, LLC. This book was released on 2019-07-15 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation is a complicated concept. Under ideal circumstances, an inflation rate of 2 or 3 percent can be good for the economy, as it helps boost businesses' profits. Unchecked, however, inflation can lead not only to financial hardships for individuals but to widespread economic downturns. Students will learn how inflation is affected by supply and demand, how it existed long before paper currency, how it can be regulated, and how a lack of regulation can affect the economy. From examples throughout U.S. history and comparisons of the costs of goods over time, students will understand how different rates of inflation in different contexts affect the economy.
Download or read book Inflation written by Lisa A. Crayton and published by Enslow Publishing, LLC. This book was released on 2015-12-15 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: This engaging text breaks down the complicated concept of inflation for readers and explains what inflation is, what causes it, its effects on the rest of the economy, and its impact on everyday life.
Book Synopsis The International Transmission of Inflation by : Michael R. Darby
Download or read book The International Transmission of Inflation written by Michael R. Darby and published by University of Chicago Press. This book was released on 1983 with total page 756 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation became the dominant economic, social, and political problem of the industrialized West during the 1970s. This book is about how the inflation came to pass and what can be done about it. Certain to provoke controversy, it is a major source of new empirical information and theoretical conclusions concerning the causes of international inflation. The authors construct a consistent data base of information for eight countries and design a theoretically sound model to test and evaluate competing hypotheses incorporating the most recent theoretical developments. Additional chapters address an impressive variety of issues that complement and corroborate the core of the study. They answer such questions as these: Can countries conduct an independent monetary policy under fixed exchange rates? How closely tied are product prices across countries? How are disturbances transmitted across countries? The International Transmission of Inflation is an important contribution to international monetary economics in furnishing an invaluable empirical foundation for future investigation and discussion.
Book Synopsis Inflation and the Theory of Money by : Robert James Ball
Download or read book Inflation and the Theory of Money written by Robert James Ball and published by London : Allen & Unwin [1964]. This book was released on 1965 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: The general price level; Prices and the laws of exchange; Employment and the price level; The keynesian theory of inflation; Alternative approaches to the theory of inflation; Business behavior and the price level; Wages, earning and the demand for labor; Money and assets; Money, velocity and income; The process of inflation; Inflation and economic policy.
Book Synopsis The Distributional Implications of the Impact of Fuel Price Increases on Inflation by : Mr. Kangni R Kpodar
Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Book Synopsis Inflation in Emerging and Developing Economies by : Jongrim Ha
Download or read book Inflation in Emerging and Developing Economies written by Jongrim Ha and published by World Bank Publications. This book was released on 2019-02-24 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and monetary policy related challenges in LICs. The report documents three major findings: In First, EMDE disinflation over the past four decades was to a significant degree a result of favorable external developments, pointing to the risk of rising EMDE inflation if global inflation were to increase. In particular, the decline in EMDE inflation has been supported by broad-based global disinflation amid rapid international trade and financial integration and the disruption caused by the global financial crisis. While domestic factors continue to be the main drivers of short-term movements in EMDE inflation, the role of global factors has risen by one-half between the 1970s and the 2000s. On average, global shocks, especially oil price swings and global demand shocks have accounted for more than one-quarter of domestic inflation variatio--and more in countries with stronger global linkages and greater reliance on commodity imports. In LICs, global food and energy price shocks accounted for another 12 percent of core inflation variatio--half more than in advanced economies and one-fifth more than in non-LIC EMDEs. Second, inflation expectations continue to be less well-anchored in EMDEs than in advanced economies, although a move to inflation targeting and better fiscal frameworks has helped strengthen monetary policy credibility. Lower monetary policy credibility and exchange rate flexibility have also been associated with higher pass-through of exchange rate shocks into domestic inflation in the event of global shocks, which have accounted for half of EMDE exchange rate variation. Third, in part because of poorly anchored inflation expectations, the transmission of global commodity price shocks to domestic LIC inflation (combined with unintended consequences of other government policies) can have material implications for poverty: the global food price spikes in 2010-11 tipped roughly 8 million people into poverty.
Book Synopsis Why Inflation Targeting? by : Charles Freedman
Download or read book Why Inflation Targeting? written by Charles Freedman and published by International Monetary Fund. This book was released on 2009-04-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." We begin by discussing the costs of inflation, including their role in generating boom-bust cycles. Following a general discussion of the need for a nominal anchor, we describe a specific type of monetary anchor, the inflation-targeting regime, and its two key intellectual roots-the absence of long-run trade-offs and the time-inconsistency problem. We conclude by providing a brief introduction to the way in which inflation targeting works.
Book Synopsis Interest and Inflation Free Money: Creating an Exchange Medium That Works for Everybody and Protects the Earth by : Margrit Kennedy
Download or read book Interest and Inflation Free Money: Creating an Exchange Medium That Works for Everybody and Protects the Earth written by Margrit Kennedy and published by Stranger Journalism. This book was released on 1995 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher: Inbook; Rev Sub edition (March 1995)Language: EnglishISBN-10: 0964302500ISBN-13: 978-0964302501
Download or read book Inflation written by Darron T. Bentley and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 changes in real demand for goods and services or fluctuations in available supplies (i.e. changes in scarcity), and sometimes to changes in the supply or demand for money. In the mid-twentieth century, two camps disagreed strongly on the main causes of inflation (at moderate rates): the "monetarists" argued that money supply dominated all other factors in determining inflation, while "Keynesians" argued that real demand was often more important than changes in the money supply. A variety of inflation measures are in use, because there are many different price indices, designed to measure different sets of prices that affect different people. Two widely known indices for which inflation rates are commonly reported are the Consumer Price Index (CPI), which measures nominal consumer prices, and the GDP deflator, which measures the nominal prices of goods and services produced by a given country or region. This book presents the latest research in the field.
Book Synopsis Money Demand and Seigniorage-maximizing Inflation by : William Easterly
Download or read book Money Demand and Seigniorage-maximizing Inflation written by William Easterly and published by World Bank Publications. This book was released on 1992 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The elasticity of substitution in transactions between money and bonds is a crucial determinant of the seigniorage- maximizing inflation rate and of whether the semi- elasticity of money demand with inflation increases with inflation.
