Great inflation : the rebirth of modern central banking / [edited by] Michael D. Bordo and Athanasios Orphanides.
Material type: TextSeries: A National Bureau of Economic Research conference reportPublication details: Chicago : University of Chicago Press, c2013.Description: xii, 532 p. : illustrations ; 24 cmISBN:- 9780226066950 (cloth : alk. paper)
- 332.4109045 23 B729
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332.41 F959 Understanding inflation and the implications for monetary policy | 332.41 W824 Meaning of money | 332.41 W824 Meaning of money | 332.4109045 B729 Great inflation : | 332.411 Sp734 Functions of money | 332.413 G823 Introduction to Tooke and Newmarch's a history of prices and of the state of the circulation from 1792 to 1856 | 332.413 In39 Why devaluation |
Includes bibliographical references and indexes.
Introduction / Michael D. Bordo and Athanasios Orphanides --
Practical experiences in reducing inflation : the case of New Zealand / Don Brash --
Practical experiences in reducing inflation : the case of Canada / John Crow --
1. The great inflation : did the shadow know better? / WIlliam Poole, Robert H. Rasche, and David C. Wheelock --
Comment / Christina D. Romer --
2. The supply-shock explanation of the great stagflation revisited / Alan S. Blinder and Jeremy B. Rudd --
3. The great inflation drift / Marvin Goodfriend and Robert G. King --
4. Falling behind the curve : a positive analysis of stop-start monetary policies and the great inflation / Andrew Levin and John B. Taylor --
Comment / Bennett T. McCallum --
5. Monetary policy mistakes and the evolution of inflation expectations / Athanasios Orphanides and John C. Williams --
Comment / Seppo Honkapohja --
6. Opting out of the great inflation : German monetary policy after the breakdown of Bretton Woods / Andreas Beyer, Vitor Gaspar, Christina Gerberding, and Otmar Issing --
Comment / Benjamin M. Friedman --
7. Great inflation and central bank independence / Takatoshi Ito --
Comment / Frederic S. Mishkin --
8. The great inflation in the United States and the United Kingdom : reconciling policy decisions and data outcomes / Riccardo DiCecio and Edward Nelson --
Comment / Matthew D. Shapiro --
9. Bretton Woods and the great inflation / Michael D. Bordo and Berry Eichengreen --
Comment / Allan H. Meltzer --
Lessons from history / Donald L. Kohn --
The great inflation : lessons for central banks / Lucas Papademos --
Understanding inflation : lessons of the past for the future / Harold James.
Controlling inflation is among the most important objectives of economic policy. 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.
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