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A Century of Global Economic Crises

A Century of Global Economic Crises Monetary Policy in Search of an Anchor

Hardback (06 Aug 2024)

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Publisher's Synopsis

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.

About the Publisher

Palgrave Macmillan

From award-winning research which changes the world to textbooks and study guides which educate and inspire, we publish across the humanities, social sciences and business for academics, students, professionals and librarians worldwide.With offices in London and New York, and sales teams across 50 countries, we have a global reach and as part of Macmillan Science and Education, are proud to uphold an unbroken tradition of over 170 years of academic publishing.

Book information

ISBN: 9783031534591
Publisher: Springer Nature Switzerland
Imprint: Palgrave Macmillan
Pub date:
DEWEY: 338.542
DEWEY edition: 23
Language: English
Number of pages: 293
Weight: 413g
Height: 210mm
Width: 148mm
Spine width: 14mm