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Inflation and the Making of Australian Macroeconomic Policy, 1945-85 (Hardcover) (Michael Beggs)

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Macroeconomics profoundly changed Australian policy after World War II, as it did around the world. Though governments and the central bank aimed at full employment, they soon found themselves contending with chronic inflation, and the instruments were often turned to restraint. This book explains how the problem of inflation transformed policy between the 1940s and the 1980s, well before the era of the independent inflation-targeting central bank. It explains how inflation came to undermine full employment, how governments dealt with international monetary chaos, and how the central bank pursued restraint within a rapidly evolving financial system.

This is a new interpretation of Australian policy history and the pre-history of 'neoliberalism'.

Macroeconomics profoundly changed Australian policy after World War II, as it did around the world. Though governments and the central bank aimed at full employment, they soon found themselves contending with chronic inflation, and the instruments were often turned to restraint. This book explains how the problem of inflation transformed policy between the 1940s and the 1980s, well before the era of the independent inflation-targeting central bank. It explains how inflation came to undermine full employment, how governments dealt with international monetary chaos, and how the central bank pursued restraint within a rapidly evolving financial system.

This is a new interpretation of Australian policy history and the pre-history of 'neoliberalism'.

Number of Pages: 325
Genre: Business + Money Management
Sub-Genre: Labor, Economic History, Inflation
Format: Hardcover
Publisher: Palgrave Macmillan
Author: Michael Beggs
Language: English
Street Date: September 2, 2015
TCIN: 46769058
UPC: 9781137265968
Item Number (DPCI): 247-51-8745

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