1970-80年代 大インフレと今日への教訓 The Great Inflation : The Rebirth of Modern Central Banking (National Bureau of Economic Research Conference Report)

Bordo, Michael D. (EDT)/ Orphanides, Athanasios (EDT)

University of Chicago Press（2013/06発売）

• 製本 Hardcover:ハードカバー版／ページ数 544 p.
• 言語 ENG
• 商品コード 9780226066950
• DDC分類 332.11

基本説明

This volume focuses on understanding the causes of the Great Inflation of the 1970s and '80s. Contributors map monetary policy from the 1960s to the present, shedding light on how the lessons of the Great Inflation were applied to today's global enviroment.

Full 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. This volume focuses on understanding the causes of the Great Inflation of the 1970s and '80s, which saw rising inflation in many nations and propelled interest rates across the developing world into the double digits. Ever since, the immediate cause of the period's rise in inflation has been extensively debated. 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. Contributors map monetary policy from the 1960s to the present, shedding light on how the lessons of the Great Inflation were absorbed and applied to today's global and increasingly complex economic environment.