The Case Against 2 Per Cent Inflation

Analyses 2% inflation targetingPresents new theoretical perspectivesDraws on monetary theory, behavioural finance, and finance theoryTakes a new look at the role of gold
Challenges existing understanding of post-crisis monetary management

Analyses 2% inflation targeting Presents new theoretical perspectives Draws on monetary theory, behavioural finance, and finance theory Takes a new look at the role of gold Challenges existing understanding of post-crisis monetary management

Autorentext

Brendan Brown is a monetary economist and currently Head of Economic Research at Mitsubishi UFJ Financial Group (Europe). Dr. Brown is also a Senior Research Fellow of the Hudson Institute, Washington DC and an Associate Scholar at the Mises Institute (USA). His areas of expertise include monetarism in theory and practice, Austrian School monetary tradition, European monetary integration, Japanese monetary issues, the global flow of capital, and international financial history. Brendan has published many books on contemporary finance and financial historyHe received a PhD from the University of London, a MBA from the University of Chicago, a MSc from the London School of Economics, and an undergraduate degree from Cambridge University.

Inhalt

1. Next: The Fifth Stabilization Experiment under Fiat Money.- 2. Origins of the Global 2% Inflation Standard.- 3. Diagnosis of Monetary Inflation in Asset Markets.- 4. Manipulation of Long-Term Interest Rates.- 5. A Failure of US Checks and Balances.- 6. Digitalization, Camouflage, and Monetary Inflation.- 7. Much Ruin in Japan's Journey to 2%.- 8. Germany Abdicates Hard Money Power.- 9. Unaffordable Housing and Poor-Quality Money.- 10. Negative Interest Rates and the War Against Cash.- 11. Experiments in Crash Postponement: 1927/29 Versus 2016/18.- 12. Wealth Creation and Destruction Under the 2% Regime.- 13. From the Fifth Monetary Chaos to Twenty-First-Century Gold. <p