The Great Inflation And Its Aftermath

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The Great Inflation and Its Aftermath

Robert J. Samuelson
The Great Inflation and Its Aftermath Book PDF

Author : Robert J. Samuelson
Publisher : Random House Trade Paperbacks
Page : 353 pages
File Size : 41,5 Mb
Release : 2010-01-26
Category : Business & Economics
ISBN : 9780812980042

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The Great Inflation and Its Aftermath by Robert J. Samuelson Pdf

The Great Inflation in the 1960s and 1970s, notes award-winning columnist Robert J. Samuelson, played a crucial role in transforming American politics, economy, and everyday life. The direct consequences included stagnation in living standards, a growing belief—both in America and abroad—that the great-power status of the United States was ending, and Ronald Reagan’s election to the presidency in 1980. But that is only half the story. The end of high inflation led to two decades of almost uninterrupted economic growth, rising stock prices and ever-increasing home values. Paradoxically, this prolonged prosperity triggered the economic and financial collapse of 2008 and 2009 by making Americans—from bank executives to ordinary homeowners—overconfident, complacent, and careless. The Great Inflation and its Aftermath, Samuelson contends, demonstrated that we have not yet escaped the boom-and-bust cycles common in the nineteenth and early twentieth centuries. This is a sobering tale essential for anyone who wants to understand today’s world.

The Great Inflation and Its Aftermath

Robert J. Samuelson
The Great Inflation and Its Aftermath Book PDF

Author : Robert J. Samuelson
Publisher : Random House
Page : 337 pages
File Size : 50,7 Mb
Release : 2008-11-11
Category : Business & Economics
ISBN : 9781588366924

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The Great Inflation and Its Aftermath by Robert J. Samuelson Pdf

The Great Inflation in the 1960s and 1970s, notes award-winning columnist Robert J. Samuelson, played a crucial role in transforming American politics, economy, and everyday life. The direct consequences included stagnation in living standards, a growing belief—both in America and abroad—that the great-power status of the United States was ending, and Ronald Reagan’s election to the presidency in 1980. But that is only half the story. The end of high inflation led to two decades of almost uninterrupted economic growth, rising stock prices and ever-increasing home values. Paradoxically, this prolonged prosperity triggered the economic and financial collapse of 2008 and 2009 by making Americans—from bank executives to ordinary homeowners—overconfident, complacent, and careless. The Great Inflation and its Aftermath, Samuelson contends, demonstrated that we have not yet escaped the boom-and-bust cycles common in the nineteenth and early twentieth centuries. This is a sobering tale essential for anyone who wants to understand today’s world.

The Great Inflation and Its Aftermath

Robert J. Samuelson
The Great Inflation and Its Aftermath Book PDF

Author : Robert J. Samuelson
Publisher : Random House (NY)
Page : 0 pages
File Size : 48,5 Mb
Release : 2008
Category : Economics
ISBN : 0375505482

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The Great Inflation and Its Aftermath by Robert J. Samuelson Pdf

Probes the long-term impact of inflation on the American economy in light of its influence on the political climate and the destabilization of the economy, as well as how the fall of inflation set the stage for two decades of prosperity.

The Great Inflation

Michael D. Bordo,Athanasios Orphanides
The Great Inflation Book PDF

Author : Michael D. Bordo,Athanasios Orphanides
Publisher : University of Chicago Press
Page : 545 pages
File Size : 54,5 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.

The Great Inflation and Its Aftermath

Robert J. Samuelson
The Great Inflation and Its Aftermath Book PDF

Author : Robert J. Samuelson
Publisher : Random House Trade Paperbacks
Page : 353 pages
File Size : 51,5 Mb
Release : 2010-01-26
Category : Business & Economics
ISBN : 9780812980042

Get Book

The Great Inflation and Its Aftermath by Robert J. Samuelson Pdf

The Great Inflation in the 1960s and 1970s, notes award-winning columnist Robert J. Samuelson, played a crucial role in transforming American politics, economy, and everyday life. The direct consequences included stagnation in living standards, a growing belief—both in America and abroad—that the great-power status of the United States was ending, and Ronald Reagan’s election to the presidency in 1980. But that is only half the story. The end of high inflation led to two decades of almost uninterrupted economic growth, rising stock prices and ever-increasing home values. Paradoxically, this prolonged prosperity triggered the economic and financial collapse of 2008 and 2009 by making Americans—from bank executives to ordinary homeowners—overconfident, complacent, and careless. The Great Inflation and its Aftermath, Samuelson contends, demonstrated that we have not yet escaped the boom-and-bust cycles common in the nineteenth and early twentieth centuries. This is a sobering tale essential for anyone who wants to understand today’s world.

The Euro Crisis and Its Aftermath

Jean Pisani-Ferry
The Euro Crisis and Its Aftermath Book PDF

Author : Jean Pisani-Ferry
Publisher : Oxford University Press, USA
Page : 225 pages
File Size : 42,6 Mb
Release : 2011
Category : Business & Economics
ISBN : 9780199993338

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The Euro Crisis and Its Aftermath by Jean Pisani-Ferry Pdf

The euro's life, while only slightly more than a decade long, has been riddled by a series of challenges and crises. The disparity between the prosperous Northern countries of Germany and France and the plummeting Southern countries, including Italy and Greece, has exacerbated problems withinthe political and economic union of the Eurozone. The North, especially Germany, has debated where to draw the line between doing whatever is necessary to save the common currency and what they have viewed as a charity bailout of countries who flouted the rules for a decade and suffered predictableconsequences. Meanwhile, Southern countries such as Italy, Spain, and Greece have grown increasingly bitter at the attitudes of their partners to the North. Amidst loud and frequent debates, solutions including routes for increased integration and punitive policies and reforms have been enacted anddiscarded to a limited degree of success. The struggles facing this monetary union continue to unfold even today.The Euro Crisis and Its Aftermath was written to inform readers about the history of this enduring European crisis and the alternative proposals for ending it. In four parts, Jean Pisani-Ferry explains the origins of the European currency, the build-up of imbalances and oversights that led to thecrisis, the choices European policymakers have both addressed and ignored since 2010, the evolution of the policy agenda, and possible options for the future. The book is as much of an informative and analytical history as it is a prescriptive solution for a more prosperous future world economy.Rather than putting forth and supporting a thesis, Pisani-Ferry helps readers understand the past and present of the euro crisis and form their own opinions about potential solutions. It has grown out of his book Le Reveil des Demons published in France in 2011. The content has been updatedextensively to cover the events of the past few years and augmented to better explain the Eurozone to a global audience. This book is not intended to reach only economists, as time has long passed since European monetary unification was a debate limited to academics. This book is also for the policymakers searching for solutions, citizens of Europe enduring the consequences, and the international community that has felt the effects of an unstable Eurozone.

Lessons of Economic Stabilization and Its Aftermath

Banḳ Yiśraʼel
Lessons of Economic Stabilization and Its Aftermath Book PDF

Author : Banḳ Yiśraʼel
Publisher : MIT Press
Page : 472 pages
File Size : 51,8 Mb
Release : 1991
Category : Business & Economics
ISBN : 0262023245

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Lessons of Economic Stabilization and Its Aftermath by Banḳ Yiśraʼel Pdf

Comprises essays presented at a conference held in Jerusalem in 1990.

21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19

Ben S. Bernanke
21st Century Monetary Policy The Federal Reserve from the Great Inflation to COVID 19 Book PDF

Author : Ben S. Bernanke
Publisher : W. W. Norton & Company
Page : 448 pages
File Size : 54,7 Mb
Release : 2022-05-17
Category : Business & Economics
ISBN : 9781324020479

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21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19 by Ben S. Bernanke Pdf

21st Century Monetary Policy takes readers inside the Federal Reserve, explaining what it does and why. In response to the COVID-19 pandemic, the Federal Reserve deployed an extraordinary range of policy tools that helped prevent the collapse of the financial system and the U.S. economy. Chair Jerome Powell and his colleagues lent directly to U.S. businesses, purchased trillions of dollars of government securities, pumped dollars into the international financial system, and crafted a new framework for monetary policy that emphasized job creation. These strategies would have astonished Powell’s late-20th-century predecessors, from William McChesney Martin to Alan Greenspan, and the advent of these tools raises new questions about the future landscape of economic policy. In 21st Century Monetary Policy, Ben S. Bernanke—former chair of the Federal Reserve and one of the world’s leading economists—explains the Fed’s evolution and speculates on its future. Taking a fresh look at the bank’s policymaking over the past seventy years, including his own time as chair, Bernanke shows how changes in the economy have driven the Fed’s innovations. He also lays out new challenges confronting the Fed, including the return of inflation, cryptocurrencies, increased risks of financial instability, and threats to its independence. Beyond explaining the central bank’s new policymaking tools, Bernanke also captures the drama of moments when so much hung on the Fed’s decisions, as well as the personalities and philosophies of those who led the institution.

Aftermath

James Rickards
Aftermath Book PDF

Author : James Rickards
Publisher : Penguin
Page : 336 pages
File Size : 52,7 Mb
Release : 2019-07-23
Category : Business & Economics
ISBN : 9780735216969

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Aftermath by James Rickards Pdf

A Wall Street Journal bestseller Financial expert, investment advisor and New York Times bestselling author James Rickards shows why and how global financial markets are being artificially inflated--and what smart investors can do to protect their assets What goes up, must come down. As any student of financial history knows, the dizzying heights of the stock market can't continue indefinitely--especially since asset prices have been artificially inflated by investor optimism around the Trump administration, ruinously low interest rates, and the infiltration of behavioral economics into our financial lives. The elites are prepared, but what's the average investor to do? James Rickards, the author of the prescient books Currency Wars, The Death of Money, and The Road to Ruin, lays out the true risks to our financial system, and offers invaluable advice on how best to weather the storm. You'll learn, for instance: * How behavioral economists prop up the market: Funds that administer 401(k)s use all kinds of tricks to make you invest more, inflating asset prices to unsustainable levels. * Why digital currencies like Bitcoin and Ethereum are best avoided. * Why passive investing has been overhyped: The average investor has been scolded into passively managed index funds. But active investors will soon have a big advantage. * What the financial landscape will look like after the next crisis: it will not be an apocalypse, but it will be radically different. Those who forsee this landscape can prepare now to preserve wealth. Provocative, stirring, and full of counterintuitive advice, Aftermath is the book every smart investor will want to get their hands on--as soon as possible.

The Myth of Independence

Sarah Binder,Mark Spindel
The Myth of Independence Book PDF

Author : Sarah Binder,Mark Spindel
Publisher : Princeton University Press
Page : 301 pages
File Size : 46,7 Mb
Release : 2019-07-09
Category : Business & Economics
ISBN : 9780691191591

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The Myth of Independence by Sarah Binder,Mark Spindel Pdf

An in-depth look at how politics and economics shape the relationship between Congress and the Federal Reserve Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence marshals archival sources, interviews, and statistical analyses to trace the Fed’s transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress’s role in steering this evolution, Sarah Binder and Mark Spindel explore the Fed’s past, present, and future and challenge the myth of its independence.

A History of Big Recessions in the Long Twentieth Century

Andrés Solimano
A History of Big Recessions in the Long Twentieth Century Book PDF

Author : Andrés Solimano
Publisher : Cambridge University Press
Page : 241 pages
File Size : 54,6 Mb
Release : 2020-02-20
Category : Business & Economics
ISBN : 9781108485043

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A History of Big Recessions in the Long Twentieth Century by Andrés Solimano Pdf

Examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth century.

Inflation

Robert E. Hall
Inflation Book PDF

Author : Robert E. Hall
Publisher : University of Chicago Press
Page : 302 pages
File Size : 50,9 Mb
Release : 2009-05-15
Category : Business & Economics
ISBN : 9780226313252

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Inflation by Robert E. Hall Pdf

This volume presents the latest thoughts of a brilliant group of young economists on one of the most persistent economic problems facing the United States and the world, inflation. Rather than attempting an encyclopedic effort or offering specific policy recommendations, the contributors have emphasized the diagnosis of problems and the description of events that economists most thoroughly understand. Reflecting a dozen diverse views—many of which challenge established orthodoxy—they illuminate the economic and political processes involved in this important issue.

This Time Is Different

Carmen M. Reinhart,Kenneth S. Rogoff
This Time Is Different Book PDF

Author : Carmen M. Reinhart,Kenneth S. Rogoff
Publisher : Princeton University Press
Page : 513 pages
File Size : 43,6 Mb
Release : 2011-08-07
Category : Business & Economics
ISBN : 9780691152646

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This Time Is Different by Carmen M. Reinhart,Kenneth S. Rogoff Pdf

An empirical investigation of financial crises during the last 800 years.

Untruth

Robert J. Samuelson
Untruth Book PDF

Author : Robert J. Samuelson
Publisher : AtRandom
Page : 304 pages
File Size : 51,9 Mb
Release : 2001-02-06
Category : Social Science
ISBN : 9780679647157

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Untruth by Robert J. Samuelson Pdf

In Untruth, Newsweek and Washington Post columnist Robert J. Samuelson explains why our political, economic and cultural debates so routinely traffic in misinformation--popular fads that, like meteors, momentarily burn brightly in public consciousness and then fizzle out. Advocacy groups, politicians and their unwitting allies in the media instinctively create agendas of problems that afflict society and must be "solved".The problems are often exaggerated and oversimplified, and the result is that the public is misled about what is wrong and how easily it can be made right. Untruth is the first collection of Samuelson's insightful assaults on the conventional wisdom. Included are columns arguing that campaign contributions have not corrupted politics, that the "service economy" is not turning America into a nation of hamburger flippers, and that the Internet isn't the most important invention since the printing press.

The Return of High Inflation

Wolfgang Hammes
The Return of High Inflation Book PDF

Author : Wolfgang Hammes
Publisher : Unknown
Page : 366 pages
File Size : 52,7 Mb
Release : 2016-04
Category : Electronic
ISBN : 1944614001

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The Return of High Inflation by Wolfgang Hammes Pdf

This book is about the NEXT financial crisis. A crisis, that - according to the author - will result from an unexpected return of high inflation and rising interest rates. The author explains the risks of such an event, describes analogies from the past, and offers numerous paradigms, concepts, and ideas that may help companies and individuals to turn inflation risks into opportunities. Dr. Hammes was one of the first experts who foresaw the last financial crisis. As early as 2000, Dr. Hammes warned publicly that a major financial crisis was unavoidable if risk management deficiencies in the financial industry remained unaddressed. In his new book, Dr. Hammes warns of an even more serious crisis caused by an unprecedented state of collective unpreparedness regarding inflation risks. A return of high inflation to the developed world should not surprise us. Judging from historical analogies, inflation is a likely outcome of the economic malaise we are in and the policies we have chosen. Irresponsible fiscal behavior, excessive levels of government and private sector debt, and ultra-loose monetary policies are very likely to be followed by a period of excessive inflation. While we cannot exactly time the occurrence of such an inflation risk event, we can quite well assess its general probability of occurrence. The vast majority of companies and individuals are not prepared to deal with a return of high inflation. We are in a state of collective unpreparedness. Also, there is very little practical research out there that could help managers and individuals prepare for such a risk event. Even worse, our modern economic and financial systems and processes in the developed world are based on the assumption of low inflation. They have never been stress-tested for a different scenario. Inflation management requires a different set of skills than those taught to us in western business schools. Reading this book should be the start of an important journey to better understand the risks of high inflation and how they impact your company and your personal life. Maybe the journey will take you one step further and enable you to turn inflation risks into a big opportunity as some best practice examples did during past inflation periods. We are now at a stage in history when the economic, fiscal, financial, and social situation in many developed countries resembles terrifying parallels to past periods of history prior to major outbreaks of high inflation. At the moment, a wide range of inflation strategies is available to companies and individuals who take inflation risks seriously. Many of these ideas and concepts are discussed in this book. Therefore, the author's recommendation is simple: prepare for the worst and hope for the best. Do not base important risk management strategies on hope and gamble that everything will be fine. The price for being wrong is extremely high when it comes to inflation risks.