Inflation – A Guide for Users and Losers - Mark Blyth, Nicolò Fraccaroli

Since the 1970s, there has only been one playbook for fighting inflation: raise interest rates, thereby creating unemployment and a recession, which will lower prices. This simple story hides a multitude of assumptions about why prices go up and how policymakers can wrestle them back down—assumptions that are often wrong, damaging, and have little empirical basis. Prominent economists Mark Blyth and Nicolò Fraccaroli reveal why inflation happens, how we combat it and how it affects our lives.... Zobrazit více