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Monetary Regimes and Inflation: History, Economic and Political Relationships - Peter Bernholz

Monetary Regimes and Inflation: History, Economic and Political Relationships - Peter Bernholz Journal des Economistes et des Etudes Humaines Volume 14, Number 1 2004 Article 7 NUMÉRO 1 Lawrence H. White, University of Missoury - St Louis Recommended Citation: White, Lawrence H. (2004) "Monetary Regimes and Inflation: History, Economic and Political Relationships - Peter Bernholz," Journal des Economistes et des Etudes Humaines: Vol. 14: No. 1, Article 7. ©2004 by Berkeley Electronic Press and IES-Europe. All rights reserved. Comptes rendus et notes de lecture MONETARY REGIMES AND INFLATION: HISTORY, ECONOMIC AND POLITICAL RELATIONSHIP.* By Peter Bernholz Reviewed by Lawrence H. White° In a recent speech, Federal Reserve Governor (and American Economic Review editor) Ben Bernanke proudly proclaimed that "during the 1980s and 1990s most industrial-country central banks were able to cage, if not entirely tame, the inflation dragon. Although a number of factors converged to make this happy outcome possible, an essential element was the heightened understanding by central bankers and, equally as important, by political leaders and the public at large of the very high costs of allowing the economy to stray too far from price stability." Lest we become too smug about the progress of modern monetary economics and its influence on central bank policy, Peter Bernholz's book http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal des Économistes et des Études Humaines de Gruyter

Monetary Regimes and Inflation: History, Economic and Political Relationships - Peter Bernholz

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Publisher
de Gruyter
Copyright
Copyright © 2004 by the
ISSN
1145-6396
eISSN
1145-6396
DOI
10.2202/1145-6396.1120
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Abstract

Journal des Economistes et des Etudes Humaines Volume 14, Number 1 2004 Article 7 NUMÉRO 1 Lawrence H. White, University of Missoury - St Louis Recommended Citation: White, Lawrence H. (2004) "Monetary Regimes and Inflation: History, Economic and Political Relationships - Peter Bernholz," Journal des Economistes et des Etudes Humaines: Vol. 14: No. 1, Article 7. ©2004 by Berkeley Electronic Press and IES-Europe. All rights reserved. Comptes rendus et notes de lecture MONETARY REGIMES AND INFLATION: HISTORY, ECONOMIC AND POLITICAL RELATIONSHIP.* By Peter Bernholz Reviewed by Lawrence H. White° In a recent speech, Federal Reserve Governor (and American Economic Review editor) Ben Bernanke proudly proclaimed that "during the 1980s and 1990s most industrial-country central banks were able to cage, if not entirely tame, the inflation dragon. Although a number of factors converged to make this happy outcome possible, an essential element was the heightened understanding by central bankers and, equally as important, by political leaders and the public at large of the very high costs of allowing the economy to stray too far from price stability." Lest we become too smug about the progress of modern monetary economics and its influence on central bank policy, Peter Bernholz's book

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Journal des Économistes et des Études Humaines – de Gruyter

Published: Mar 1, 2004

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