Economic Policy And The Great Stagflation

Author : Alan S. Blinder
Publisher : Elsevier
Page : 244 pages
File Size : 47,6 Mb
Release : 2013-09-11
Category : Business & Economics
ISBN : 9781483264561

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Economic Policy and the Great Stagflation by Alan S. Blinder Pdf

Economic Policy and the Great Stagflation discusses the national economic policy and economics as a policy-oriented science. This book summarizes what economists do and do not know about the inflation and recession that affected the U.S. economy during the years of the Great Stagflation in the mid-1970s. The topics discussed include the basic concepts of stagflation, turbulent economic history of 1971-1976, anatomy of the great recession and inflation, and legacy of the Great Stagflation. The relation of wage-price controls, fiscal policy, and monetary policy to the Great Stagflation is also elaborated. This publication is beneficial to economists and students researching on the history of the Great Stagflation and policy errors of the 1970s.

Author : Michael D. Bordo,Athanasios Orphanides
Publisher : University of Chicago Press
Page : 545 pages
File Size : 42,5 Mb
Release : 2013-06-28
Category : Business & Economics
ISBN : 9780226066950

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The Great Inflation by Michael D. Bordo,Athanasios Orphanides Pdf

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.

Author : Gottfried Haberler
Publisher : AEI Studies
Page : 94 pages
File Size : 44,6 Mb
Release : 1985
Category : Business & Economics
ISBN : STANFORD:36105037862484

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The Problem of Stagflation by Gottfried Haberler Pdf

Author : Thomas D. Willett
Publisher : Duke University Press
Page : 554 pages
File Size : 53,8 Mb
Release : 1988
Category : Business & Economics
ISBN : 0822308428

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Political Business Cycles by Thomas D. Willett Pdf

"A Pacific Research Institute for Public Policy book." Includes bibliographies and index.

Author : Sidney Weintraub,Marvin Goodstein
Publisher : University of Pennsylvania Press
Page : 224 pages
File Size : 46,6 Mb
Release : 2017-01-30
Category : Business & Economics
ISBN : 9781512819281

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Reaganomics in the Stagflation Economy by Sidney Weintraub,Marvin Goodstein Pdf

This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.

Author : Olivier Blanchard,Lawrence H. Summers
Publisher : MIT Press
Page : 388 pages
File Size : 49,9 Mb
Release : 2019-04-16
Category : Business & Economics
ISBN : 9780262039369

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Evolution or Revolution? by Olivier Blanchard,Lawrence H. Summers Pdf

Leading economists discuss post–financial crisis policy dilemmas, including the dangers of complacency in a period of relative stability. The Great Depression led to the Keynesian revolution and dramatic shifts in macroeconomic theory and macroeconomic policy. Similarly, the stagflation of the 1970s led to the adoption of the natural rate hypothesis and to a major reassessment of the role of macroeconomic policy. Should the financial crisis and the Great Recession lead to yet another major reassessment, to another intellectual revolution? Will it? If so, what form should it, or will it, take? These are the questions taken up in this book, in a series of contributions by policymakers and academics. The contributors discuss the complex role of the financial sector, the relative roles of monetary and fiscal policy, the limits of monetary policy to address financial stability, the need for fiscal policy to play a more active role in stabilization, and the relative roles of financial regulation and macroprudential tools. The general message is a warning against going back to precrisis ways—to narrow inflation targeting, little use of fiscal policy for stabilization, and insufficient financial regulation. Contributors David Aikman, Alan J. Auerbach, Ben S. Bernanke, Olivier Blanchard, Lael Brainard, Markus K. Brunnermeier, Marco Buti, Benoît Cœuré, Mario Draghi, Barry Eichengreen, Jason Furman, Gita Gopinath, Pierre-Olivier Gourinchas, Andrew G. Haldane, Philipp Hildebrand, Marc Hinterschweiger, Sujit Kapadia, Nellie Liang, Adam S. Posen, Raghuram Rajan, Valerie Ramey, Carmen Reinhart, Dani Rodrik, Robert E. Rubin, Jay C. Shambaugh, Tharman Shanmugaratnam, Jeremy C. Stein, Lawrence H. Summers

Author : Mancur Olson
Publisher : Yale University Press
Page : 292 pages
File Size : 40,6 Mb
Release : 1982-01-01
Category : Business & Economics
ISBN : 0300030797

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The Rise and Decline of Nations by Mancur Olson Pdf

A leading political economist advances a new theory to explain the postwar shifts in the relative economic fortunes and positions of various nations and regions

Author : Various
Publisher : Routledge
Page : 540 pages
File Size : 51,5 Mb
Release : 2011-04-15
Category : Business & Economics
ISBN : 9781136708480

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Stagflation (2 Volumes) (Routledge Revivals) by Various Pdf

Comprising Wage-Fixing (first published 1982), and Demand Management (first published 1983) this two volume reissued set is a vital and stimulating analysis of the causes and consequences of stagflation – a paralysing combination of mass unemployment and rapid inflation which affected a variety of economies across the developed world in the 1970s and early 1980s. Wage-Fixing, written by James Meade, deals primarily with the needed reform of wage-fixing institutions, contrasting the Great Depression of the 1930s with the Great Stagflation of the 1970s. Meanwhile Demand Management is devoted to the design of fiscal, monetary and foreign exchange-rate policies for the control of the money demand for the products of labour. This volume deals with the theory of demand management, feedback control and the creation of a dynamic model of the UK economy. Written in clear and accessible language, this reissue will appeal to the general reader as well as students of economics and professional economists. It should be required reading for all those who wish to learn the lessons of the Great Stagflation of the 1970s to avoid a repetition in the current economic climate.

Author : Michael Bruno,Jeffrey D. Sachs
Publisher : Unknown
Page : 336 pages
File Size : 52,8 Mb
Release : 2013-10
Category : Electronic
ISBN : 0674493036

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Economics of Worldwide Stagflation by Michael Bruno,Jeffrey D. Sachs Pdf

This book sets forth both a theory and a comparative empirical analysis of stagflation, that peculiar combination of high unemployment, slow growth, and spurts of high inflation bedeviling the advanced industrial nations during the past fifteen years. The authors first construct a small macroeconomic model that takes full account of aggregate demand and supply forces in the determination of output, employment, and the price level, in both a single-economy and a multi-economy setting. They then apply the model to provide an understanding of comparative performance of industrial countries in the areas of unemployment, inflation, productivity, and investment growth. They argue convincingly that the decay of the major economies during this period resulted from the supply shocks of the 1970s, such as the two major OPEC oil-price increases, and from the consequent policy-induced decrease in demand in response to inflationary pressures. Their analysis differs markedly from similar studies in that it takes specific account of institutional differences in the labor markets of the various economies. This helps to explain in particular the divergent adjustment profiles of the United States and Europe. Bruno and Sachs make several key recommendations for the mix of demand management and incomes policies necessary to combat stagflation in individual countries as well as for the coordination of macroeconomic policies among the major industrial nations.

Author : Ben S. Bernanke,Kenneth Rogoff
Publisher : MIT Press
Page : 398 pages
File Size : 54,7 Mb
Release : 2002
Category : Business & Economics
ISBN : 026252323X

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NBER Macroeconomics Annual 2001 by Ben S. Bernanke,Kenneth Rogoff Pdf

Current issues in macroeconomics.

Author : Nicola Acocella,Giovanni Di Bartolomeo,Andrew Hughes Hallett
Publisher : Cambridge University Press
Page : 355 pages
File Size : 42,7 Mb
Release : 2016-06-09
Category : Business & Economics
ISBN : 9781107117723

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Macroeconomic Paradigms and Economic Policy by Nicola Acocella,Giovanni Di Bartolomeo,Andrew Hughes Hallett Pdf

An examination of macroeconomic policy, focusing on the relationship between free-market policies and government intervention.

Author : Martin L. Weitzman
Publisher : Harvard University Press
Page : 180 pages
File Size : 50,5 Mb
Release : 1984
Category : Business & Economics
ISBN : 0674805836

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The Share Economy by Martin L. Weitzman Pdf

Discussion of profit sharing as a means of combating cyclical unemployment and inflation (stagflation) in market economies - argues that profit sharing will produce full employment without inducing inflation; discusses marginal value economic theory of wages and its effect on the labour market; briefly examines advantages of profit sharing, employee Motivation, etc., and the need for accompanying tax reform. Bibliography.

Author : J.O.N. Perkins
Publisher : Springer
Page : 201 pages
File Size : 41,9 Mb
Release : 1979-02-22
Category : Business & Economics
ISBN : 9781349160396

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The Macroeconomic Mix to Stop Stagflation by J.O.N. Perkins Pdf

Author : Sidney Weintraub
Publisher : Praeger
Page : 240 pages
File Size : 41,5 Mb
Release : 1981-07-30
Category : Business & Economics
ISBN : UCAL:B4421557

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Our Stagflation Malaise by Sidney Weintraub Pdf

Author : David A Vines,J. M. Maciejowski,J. E. Meade
Publisher : Routledge
Page : 313 pages
File Size : 53,8 Mb
Release : 2013-06-17
Category : Business & Economics
ISBN : 9781136708558

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Demand Management (Routledge Revivals) by David A Vines,J. M. Maciejowski,J. E. Meade Pdf

First published in 1983, this is the second of two volumes on the causes and cure of stagflation – that combination of mass unemployment and rapid inflation that is currently afflicting the mixed economies of the industrially developed world. The authors deplore the unemployment due to the failure of governments to adopt Keynesian measures for the expansion of economic activity, but recognise that in present conditions such measures would lead to an unacceptable and explosive inflation of money wages and prices. They therefore advocate a dual strategy of financial policies for a steady expansion of total money incomes combined with individual wage rates set at levels to promote employment. The book is of importance for all those concerned with macroeconomic theory and policy. The description of the meaning of a New Keynesian policy and of the arguments for it have been written in a way which should be intelligible to policy-makers and students, and not only to economists with technical training. Professional macroeconomists will be interested not only in these sections but also in the fully specified macroeconomic model used to analyse New Keynesian policies in economic terms and to carry out a counterfactual re-running of history. In addition, the unusually detailed exposition of the application of control techniques to a difficult multivariable control problem also makes the book of interest to control engineers who wish to acquaint themselves with recent generalisations of classical frequency response methods.