The Resurgence of Inflation: Lessons from History and Policy Recommendations

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Authors: Michael Heine, Hansjörg Herr

Durable hardcover edition
Number of Illustrations: 46 b/w, 5 in colour
Pages: 188
Publisher: Springer
ISBN: 9783031527395

In light of the resurgence of inflation in developed industrialised countries following a period of inordinately low inflation, this book analyses the causes and devastating effects of inflation by drawing lessons from the past. Focusing on the German hyperinflation of the 1920s and the inflationary waves of the 1970s, it examines the resulting economic crises and their influence on subsequent periods of social and political turmoil, namely the fascism of the 1930s and the neoliberal revolution of the 1980s.

Featuring five detailed case studies on inflationary waves in various countries in the 1970s, the book identifies economic policy errors of the past, seeking to prevent their recurrence, and assesses the complex ties between wage increases, income distribution, and price changes, providing recommendations on how wage policy can stabilise price level increases in a world of diverse and extreme economic shocks.

Part of the book series: Financial and Monetary Policy Studies (FMPS, volume 57)

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Q&A

Who is this book for?
Economists, policymakers, financial analysts and academic researchers seeking to understand inflation dynamics through historical lessons.

What historical episodes does it focus on?
The German hyperinflation of the 1920s and the inflationary waves of the 1970s, with five detailed country case studies.

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