04251nam a22005175i 4500 978-3-031-53460-7 DE-He213 20251030112607.0 cr nn 008mamaa 240702s2024 sz | s |||| 0|eng d 9783031534607 978-3-031-53460-7 10.1007/978-3-031-53460-7 doi HB172.5 KCB bicssc BUS039000 bisacsh KCB thema Vinhas de Souza, Lúcio. author. aut http://id.loc.gov/vocabulary/relators/aut 79835 A Century of Global Economic Crises [electronic resource] : Monetary Policy in Search of An Anchor / by Lúcio Vinhas de Souza. 1st ed. 2024. Cham : Springer Nature Switzerland : Imprint: Palgrave Macmillan, 2024. XXIII, 193 p. 61 illus. online resource. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda 1. Introduction -- 2. Forgotten worlds: the stagflation of the 1970s -- 3. From Volcker to China: The “Great Moderation” begins -- 4. Houses made of sand: The “Global Financial Crisis” -- 5. Trojan horses: the long shadow of the euroarea sovereign crisis -- 6. COVID 19: the fiscal and monetary responses to a global pandemic -- 7. The next Horseman of the Apocalypse: Russian invasion of Ukraine and a global price shocks -- 8. Looking back, looking forward: monetary, fiscal and structural polices for an older, indebted and more fragmented world. Starting with the collapse of the Gold Standard global monetary system, this book explores the major economic policy issues over the last 100 years through the revealing dynamics of multiple global crises, including the 1929 Great Depression, the collapse of the Bretton Woods system, the Great Inflation, the Latin American hyperinflation(s), the Great Moderation, the Global Financial Crisis, the euro area sovereign crisis, the COVID recession, the Russian invasion of Ukraine, up until the highest global inflation spike in two generations which started in 2021. The book covers these dynamics in multiple developed and developing economies, from the U.S., the European Union and the UK, to Brazil, China and India, showing emerging nations as actors in the global economic saga, all while using the economic policy and theory debates of these times to clarify how our current economic challenges came about. The success and failure of past economic policies are conveyed to help understand the options and limitations faced by policymakers today, in an era that is likely to be defined by higher inflation, lower economic growth, larger budget deficits, increased private sector debt and greater global economic fragmentation. This book presents a new and candid perspective of how monetary policy evolved, while addressing megatrends and the changing behavior of economic agents and models. This engaging and revealing work will be relevant for all researchers, practitioners and policymakers interested in monetary and financial policy and political economy. Lúcio Vinhas de Souza is currently a Fellow at Harvard University, Cambridge and a Visiting Professor at Brandeis University, Boston, USA. He is also the former Chief Economist of Moody’s and a former Advisor to European Commission President Jean-Claude Juncker. Macroeconomics. Economics. 58354 Economic policy. 58351 Macroeconomics and Monetary Economics. 69508 Political Economy and Economic Systems. 70994 Economic Policy. 58351 SpringerLink (Online service) Springer Nature eBook Printed edition: 9783031534591 Printed edition: 9783031534614 Printed edition: 9783031534621 https://doi.org/10.1007/978-3-031-53460-7 ZDB-2-ECF ZDB-2-SXEF 61247 61247