Working from a macro framework based on the Fed's use of interest rate as its major policy instrument, Ball presents the core concepts necessary to understand the problems affecting the stock market, and the causes of recessions and banking crises. Underlying this framework are the intellectual foundations for the Fed's inflation targeting using the dynamic consistency problem facing policymakers.
Summer, 1545. England is at war. Henry VIII's invasion of France has gone badly wrong, and a massive French fleet is preparing to sail across the Channel. As the English fleet gathers at Portsmouth, the country raises the largest militia army it has ever seen. The King has debased the currency to pay for the war, and England is in the grip of soaring inflation and economic crisis. Meanwhile Matthew Shardlake is given an intriguing legal case by an old servant of Queen Catherine Parr.
Everyday Economics: Honest Answers to Tough Questions
From how the current crisis happened to the role of banks to how money works, this book addresses complex ideas in an easy to understand Q&A format with lively prose. With examples throughout from personal finance issues such as how to negotiate the best price for a car, and should you buy a warranty for a new computer, to big picture questions that affect our national and global economy such as: What is deflation and inflation? How does monetary policy really work? How does a corporation actually go bankrupt?
Can the market fully manage the money and banking sector?
Jesus Huerta de Soto, professor of economics at the Universidad Rey Juan Carlos, Madrid, has made history with this mammoth and exciting treatise that it has and can again, without inflation, without business cycles, and without the economic instability that has characterized the age of government control.
Beyond Inflation Targeting: Assessing the Impacts and Policy Alternatives
`Inflation targeting (IT) has become the sacred cow of central banking. But its suitability to developing nations remains contested. The contributors to this volume perform the valuable service of sketching out plausible, more development-friendly alternatives. They are to be commended in particular for avoiding a one-size-fits-all approach and paying close attention to the needs of specific countries. Their proposals range from relatively minor tinkering in IT to comprehensive overhaul.
