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The Case Against 2 Per Cent Inflation

From Negative Interest Rates to a 21st Century Gold Standard

Authors: Brown, Brendan

  • Analyses 2% inflation targetingPresents new theoretical perspectivesDraws on monetary theory, behavioural finance, and finance theoryTakes a new look at the role of gold
  • Challenges existing understanding of post-crisis monetary management
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Buy this book

eBook $29.99
price for USA in USD (gross)
  • ISBN 978-3-319-89357-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $39.99
price for USA in USD
  • ISBN 978-3-319-89356-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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.

About the authors

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.

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)

Table of contents (13 chapters)

  • Next: The Fifth Stabilization Experiment Under Fiat Money

    Brown, Brendan

    Pages 1-10

  • Origins of the Global 2% Inflation Standard

    Brown, Brendan

    Pages 11-25

  • Diagnosis of Monetary Inflation in Asset Markets

    Brown, Brendan

    Pages 27-42

  • Manipulation of Long-Term Interest Rates

    Brown, Brendan

    Pages 43-54

  • A Failure of US Checks and Balances

    Brown, Brendan

    Pages 55-73

Buy this book

eBook $29.99
price for USA in USD (gross)
  • ISBN 978-3-319-89357-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $39.99
price for USA in USD
  • ISBN 978-3-319-89356-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Case Against 2 Per Cent Inflation
Book Subtitle
From Negative Interest Rates to a 21st Century Gold Standard
Authors
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-89357-0
DOI
10.1007/978-3-319-89357-0
Hardcover ISBN
978-3-319-89356-3
Edition Number
1
Number of Pages
X, 232
Topics