The resurgence of inflation: lessons from history and policy recommendations

Table of contents:
Front Matter
Pages i-xvii
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Introduction
Michael Heine, Hansjörg Herr
Pages 1-4
The German Hyperinflation of 1923
Michael Heine, Hansjörg Herr
Pages 5-17
Macroeconomic Development from the Late-1960s to the Mid-1980s
Michael Heine, Hansjörg Herr
Pages 19-32
Inflation and Macroeconomic Management in Selected Countries from the Late-1960s to the Mid-1980s
Michael Heine, Hansjörg Herr
Pages 33-84
Deflationary Tendencies After the 2008 Financial Crisis, the Covid-19 Pandemic and Stagflation After the Energy Shock
Michael Heine, Hansjörg Herr
Pages 85-115
Conclusions and Recommendations
Michael Heine, Hansjörg Herr
Pages 117-133
Theoretical Explanations for Price Level Changes
Michael Heine, Hansjörg Herr
Pages 135-188
(https://link.springer.com/book/10.1007/978-3-031-52740-1#:~:text=%E2%80%9CThe%20Resurgence%20of%20Inflation%E2%80%9D%20fosters,understanding%20of%20today's%20economic%20challenges.)

n 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.

(https://link.springer.com/book/10.1007/978-3-031-52740-1#:~:text=%E2%80%9CThe%20Resurgence%20of%20Inflation%E2%80%9D%20fosters,understanding%20of%20today's%20economic%20challenges.)