Overview
- Examines the German hyperinflation of the 1920s and the inflationary waves of the 1970s
- Provides case studies on inflationary waves in Germany, the US, Italy and the UK
- Discusses strategies and policies for effectively combating inflation and deflation
Part of the book series: Financial and Monetary Policy Studies (FMPS, volume 57)
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Table of contents (7 chapters)
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Front Matter
Keywords
- Inflation
- productivity oriented wage development
- Monetary policy
- Income policy
- Macroeconomics
- Wage bargaining systems
- Inflationary waves
- wage policy
- inflationary price shocks
- German hyperinflation
- public debt
- GDP growth
- Fiscal policy
- Deflation
- Great Depression
- Central bank policy
- Financial crisis
- Euro crisis
- Covid-19 pandemic
- Stagflation
About this book
In light of the resurgence of inflation in developed industrialised countries following a period of inordinately low inflation, this book analyses the causes and devastating effects of inflation by drawing lessons from the past. Focusing on the German hyperinflation of the 1920s and the inflationary waves of the 1970s, it examines the resulting economic crises and their influence on the subsequent periods of social and political turmoil, namely the fascism of the 1930s and the neoliberal revolution of the 1980s. Featuring five detailed case studies on inflationary waves in various countries in the 1970s, the book identifies economic policy errors of the past, seeking to prevent their recurrence. Offering empirical and theoretical insights alike, the authors present strategies for effectively combating inflation and deflation. In turn, the book assesses the complex ties between wage increases, income distribution, and price changes, ultimately providing valuable recommendations on how wage policy can be used to stabilise price level increases at a low level in a world characterised by diverse and extreme economic shocks.
“The Resurgence of Inflation” fosters a vital discourse on wage and price dynamics, economic development and the role of trade unions, making it an essential read for policymakers, economists, and anyone seeking a deeper understanding of today’s economic challenges.
Authors and Affiliations
About the authors
Michael Heine was a professor at the Hochschule für Technik und Wirtschaft Berlin, University of Applied Sciences (Germany). He served as president of the university for many years until his retirement. He has also published several books, some together with Hansjörg Herr. His main research areas are macroeconomics, European integration and regional economics.
Hansjörg Herr was a professor of “Supranational Integration” at the Berlin School of Economics and Law (Germany) and was one of the founders of the Global Labour University. He has published a number of books in English, German and other languages – including many with Springer. His main research areas are macroeconomics, European integration and development economics.
Bibliographic Information
Book Title: The Resurgence of Inflation
Book Subtitle: Lessons from History and Policy Recommendations
Authors: Michael Heine, Hansjörg Herr
Series Title: Financial and Monetary Policy Studies
DOI: https://doi.org/10.1007/978-3-031-52740-1
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2024
Hardcover ISBN: 978-3-031-52739-5Published: 11 February 2024
Softcover ISBN: 978-3-031-52742-5Due: 13 March 2024
eBook ISBN: 978-3-031-52740-1Published: 10 February 2024
Series ISSN: 0921-8580
Series E-ISSN: 2197-1889
Edition Number: 1
Number of Pages: XVII, 188
Number of Illustrations: 46 b/w illustrations, 5 illustrations in colour
Topics: Macroeconomics/Monetary Economics//Financial Economics, Economic History, Economic Policy, Labor Economics