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Encyclopedia of Islamic Civilization and Religion (Electronic book text)
Encyclopedia of Islamic Civilization and Religion (Electronic book text): Ian Richard Netton
Encyclopedia of Islamic Civilization and Religion (Electronic book text): Ian Richard Netton

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Encyclopedia of Islamic Civilization and Religion (Electronic book text)

Ian Richard Netton

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Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction.A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical - and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.


Imprint: Routledge
Country of origin: United Kingdom
Release date: December 2013
First published: 2011
Editors: Ian Richard Netton
Format: Electronic book text
Pages: 850
ISBN-13: 978-1-135-17974-8
Barcode: 9781135179748
Categories: Promotions
LSN: 1-135-17974-3

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