Overview
- Analyses 2% inflation targeting
- Presents new theoretical perspectives
- Draws on monetary theory, behavioural finance, and finance theory
- Takes a new look at the role of gold
- Challenges existing understanding of post-crisis monetary management
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Table of contents (13 chapters)
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Front Matter
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Back Matter
Keywords
About this book
This book analyses the controversial and critical issue of 2% inflation targeting, currently practised by central banks in the US, Japan and Europe. Where did the 2% target inflation originate, and for what reason? Do these reasons stand up to scrutiny?
This book explores these key questions, contributing to the growing debate that the global 2% inflation standard prescribed by the central banks in the advanced economies globally is actually contributing to the economic malaise of these nations. It presents novel theoretical perspectives, intertwined with historical and market understanding, and features analysis that draws on monetary theory (including Austrian school), behavioural finance, and finance theory.
Alongside rigorous analysis of the past and present, the book also features forward looking chapters, exploring how the 2% global inflation standard could collapse and what would ideally follow its demise, including a new look at the role of gold.
Reviews
“With this book, Brendan Brown joins the ranks of our leading monetary policy experts. His acute and learned analysis and critique of the failed fiat-money regimes since 1914 and the fatal flaws in the current 2-percent inflation standard constitute the definitive treatment of an approach to monetary policy that is rapidly approaching its end.” (Joseph T. Salerno, Professor of Economics, Lubin School of Business, Pace University)
Authors and Affiliations
About the author
Brendan Brown is a monetary economist and currently Head of Economic Research at Mitsubishi UFJ Financial Group (Europe). Dr. Brown is also a Senior Research Fellow of the Hudson Institute, Washington DC and an Associate Scholar at the Mises Institute (USA). His areas of expertise include monetarism in theory and practice, Austrian School monetary tradition, European monetary integration, Japanese monetary issues, the global flow of capital, and international financial history. Brendan has published many books on contemporary finance and financial historyHe received a PhD from the University of London, a MBA from the University of Chicago, a MSc from the London School of Economics, and an undergraduate degree from Cambridge University.
Bibliographic Information
Book Title: The Case Against 2 Per Cent Inflation
Book Subtitle: From Negative Interest Rates to a 21st Century Gold Standard
Authors: Brendan Brown
DOI: https://doi.org/10.1007/978-3-319-89357-0
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2018
Hardcover ISBN: 978-3-319-89356-3Published: 16 August 2018
Softcover ISBN: 978-3-030-07749-5Published: 29 December 2018
eBook ISBN: 978-3-319-89357-0Published: 02 August 2018
Edition Number: 1
Number of Pages: X, 232
Topics: Popular Science in Finance, Macroeconomics/Monetary Economics//Financial Economics