Overview
- Outlines the fiscal and monetary policy responses to the COVID-19 pandemic
- Examines the impact of the invasion of Ukraine on global prices
- Explores the legacy of the Global Finance Crisis and its impact of real interest rates
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About this book
This book explores the end of the era of low inflation and stable price increases, known as “The Great Moderation”, and the impact this will have on monetary policy. The macroeconomic trends and economic policy issues observed within developed countries over the last 70 years are linked with the economic theory debates of the time to highlight how the current economic challenges came about. The limitations of past economic policies are highlighted to help create a new policy framework for an era defined by high inflation, low economic growth, large budget deficits, and increased private sector debt.
This book presents a new understanding of monetary policy that engages with the changing behaviour of economic agents. It will be relevant to researchers and policymakers interested in monetary policy and the political economy.
Keywords
Table of contents (9 chapters)
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Front Matter
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Back Matter
Authors and Affiliations
About the author
Lúcio Vinhas de Souza is currently a Fellow at Harvard University, Cambridge and a Visiting Professor at Brandeis University, Boston, USA. He is also the former Chief Economist of Moody’s and a former Advisor to European Commission President Jean-Claude Juncker.
Bibliographic Information
Book Title: A Century of Global Economic Crises
Book Subtitle: Monetary Policy in Search of An Anchor
Authors: Lúcio Vinhas de Souza
DOI: https://doi.org/10.1007/978-3-031-53460-7
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2024
Hardcover ISBN: 978-3-031-53459-1Published: 03 July 2024
Softcover ISBN: 978-3-031-53462-1Due: 17 July 2025
eBook ISBN: 978-3-031-53460-7Published: 02 July 2024
Edition Number: 1
Number of Pages: XXIII, 193
Number of Illustrations: 61 illustrations in colour
Topics: Macroeconomics/Monetary Economics//Financial Economics, Political Economy/Economic Systems, Economic Policy