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The Case Against 2 Per Cent Inflation

From Negative Interest Rates to a 21st Century Gold Standard

  • Brendan Brown

Table of contents

  1. Front Matter
    Pages i-x
  2. Brendan Brown
    Pages 43-54
  3. Brendan Brown
    Pages 55-73
  4. Brendan Brown
    Pages 95-114
  5. Brendan Brown
    Pages 115-130
  6. Brendan Brown
    Pages 131-147
  7. Back Matter
    Pages 227-232

About this book

Introduction

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.


Keywords

Monetary Management The Great Monetary Experiment Monetary Stability Asset price inflation Deflation Hyperinflation Keynesian economics Free-market economy Money illusion Zero rate boundaries Market imperfections Exchange rates

Authors and affiliations

  • Brendan Brown
    • 1
  1. 1.Economic ResearchMUFGLondonUnited Kingdom

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-89357-0
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2018
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-89356-3
  • Online ISBN 978-3-319-89357-0
  • Buy this book on publisher's site