The case against 2 per cent inflation : from negative interest rates to a 21st century gold standard /

The case against 2 per cent inflation : from negative interest rates to a 21st century gold standard /

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Bibliographic Details
Author / Creator:	Brown, Brendan, 1951- author.
Imprint:	Cham : Palgrave Macmillan, [2018] ©2018
Description:	1 online resource
Language:	English
Subject:	Inflation (Finance) Interest rates. Gold standard. Money -- History -- 21st century. Gold standard. Inflation (Finance) Interest rates. Money. History.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/11736927

Hidden Bibliographic Details
ISBN:	9783319893570 3319893572 9783319893563 3319893564
Notes:	Includes bibliographical references and index. Online resource; title from PDF title page (EBSCO, viewed August 8, 2018).
Summary:	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.
Other form:	Print version: Brown, Brendan, 1951- Case against 2 per cent inflation. Cham : Palgrave Macmillan, [2018] 3319893564 9783319893563

Table of Contents:

Next: the fifth stabilization experiment under fiat money
Origins of the global 2% inflation standard
Diagnosis of monetary inflation in asset markets
Manipulation of long-term interest rates
A failure of US checks and balances
Digitalization, camouflage, and monetary inflation
Much ruin in Japan's journey to 2%
Germany abdicates hard money power
Unaffordable housing and poor-quality money
Negative interest rates and the war against cash
Experiments in crash postponement: 1927/29 versus 2016/2018
Wealth creation and destruction under the 2% regime
From the fifth monetary chaos to twenty-first-century gold.