Inflation in Theory & Practice
In Theory and Practice
Routledge (Publisher)
Book
Paperback/Softback
256 pages
978-0-415-02054-1 (ISBN)
Description
In recent years central banks round the world have been successful in keeping inflation to such low numbers that it is no longer regarded as a problem.This book charts the progress of inflation from before it got away from the authorities in the 1960s till it came back under control, contrasting the theories that were advanced at the time with the policies that were applied. Traditional Keynesian and monetarist theories were discarded along the way.
While focusing on the UK it also documents the experience in North America, elsewhere in Europe, Japan and Australasia. It shows that there was a complex interaction between the experience and the theories advanced to explain it. In many respects the practitioners got ahead of the theorists both on the way up and the way down. The book ends by considering whether the 'New Consensus' on monetary policy is likely to be an enduring state or just another step in the journey.
While focusing on the UK it also documents the experience in North America, elsewhere in Europe, Japan and Australasia. It shows that there was a complex interaction between the experience and the theories advanced to explain it. In many respects the practitioners got ahead of the theorists both on the way up and the way down. The book ends by considering whether the 'New Consensus' on monetary policy is likely to be an enduring state or just another step in the journey.
More details
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Dimensions
Height: 234 mm
Width: 152 mm
ISBN-13
978-0-415-02054-1 (9780415020541)
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Schweitzer Classification
Other editions
Additional editions
Book
approx. 12/2050
1st Edition
Routledge
€126.28
The article will not be published
Content
Introduction. Post War Stability. Rising Inflation and the Problem with Keynesian Analysis. The Monetarist Response. Problems with Monetarism. The Pragmatic Approach. The New Consensus