The Great Inflation

The Great Inflation

Author: Michael D. Bordo

Publisher: University of Chicago Press

Published: 2013-06-28

Total Pages: 545

ISBN-13: 0226066959

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Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.


Panic at the Pump

Panic at the Pump

Author: Meg Jacobs

Publisher: Macmillan

Published: 2016-04-19

Total Pages: 385

ISBN-13: 0809058472

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"A detailed historical narrative of the U.S. energy crisis in the 1970s and how policymakers responded to the turmoil"--


Handbook of OPEC and the Global Energy Order

Handbook of OPEC and the Global Energy Order

Author: Dag Harald Claes

Publisher: Routledge

Published: 2020-01-20

Total Pages: 424

ISBN-13: 0429515200

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The Organization of the Petroleum Exporting Countries (OPEC), celebrating its 60th anniversary in 2020, is one of the most recognizable acronyms in international politics. The organization has undergone decades of changing importance, from political irrelevance to the spotlight of world attention and back; and from economic boom for its members to deep political and financial crisis. This handbook, with chapters provided by scholars and analysts from different backgrounds and specializations, discusses and analyzes the history and development of OPEC, its global importance, and the role it has played, and still plays, in the global energy market. Part I focuses on the relationship between OPEC and its member states. Part II examines the relationship between OPEC and its customers, the consuming countries and their governments, while Part III addresses the relationship between OPEC and its competitors and potential partners, the non-OPEC producers, and the international oil companies. The final section, Part IV, looks at OPEC and the governance of international energy. Chapter 20 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.


The Netherlands and the Oil Crisis

The Netherlands and the Oil Crisis

Author: Duco Hellema

Publisher: Amsterdam University Press

Published: 2004

Total Pages: 321

ISBN-13: 9053564853

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This incisive study examines the role of the Netherlands in the October War and the oil crisis of 1973. The authors contend that the actions of the Dutch government were hypocritical: the Dutch government faced a domestic crisis when an oil embargo was levied against them by Arab countries for selling arms to Israel; yet after oil began arriving again two months later, the Dutch rejected a proposal for a stricter interventionist energy policy within the European Union. A probing and thought-provoking study, The Netherlands and the Oil Crisis draws on previously unavailable archival sources to shed new light on a pivotal moment in contemporary Dutch history.


US Energy Policy and the Pursuit of Failure

US Energy Policy and the Pursuit of Failure

Author: Peter Z. Grossman

Publisher: Cambridge University Press

Published: 2013-03-25

Total Pages: 417

ISBN-13: 1107005175

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This book presents an analytic history of American energy policy, examining policy failures and how the policy process itself leads to failure.


Energy Crisis, 1974-1980

Energy Crisis, 1974-1980

Author: United States. Department of State

Publisher: Foreign Relations of the Unite

Published: 2013-01-03

Total Pages: 1004

ISBN-13: 9780160895319

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This volume is part of a subseries of the Foreign Relations series that documents the most important foreign policy issues of the Richard M. Nixon and Gerald R. Ford presidential administrations. Because of the long-term nature of the 1970s energy crisis, however, this volume includes the period of the Jimmy Carter administration, covering U.S. policy from August 1974 until January 1981. The documentation in this volume focuses primarily on Ford and Carter policies aimed at mitigating the damage to the U.S. and global economy caused by rising oil prices imposed in 1973 by the OPEC cartel, and in 1978 by the perceived shortage of oil supplies resulting from the Iranian Revolution. The documents show that the United States conducted a broad-based multilateral diplomacy to address the crisis and that U.S. diplomats were active participants in the development of the International Energy Agency's program of energy cooperation. The economic summits of the period brought together the heads of state from oil consuming industrialized countries in Rambouillet, London, Bonn, and Tokyo in an effort to devise a common strategy to deal with the impact of high oil prices on the global economy. This is one of a growing number of Foreign Relations volumes that document global issues instead of a bilateral relationship, reflecting the changing nature of U.S. foreign policy in response to an increasingly interrelated world. For documentation on the energy crisis prior to August 1974, see Foreign Relations, 1969-1976, volume XXXVI, Energy Crisis, 1969-1974.


Decline of the Anglo-American Middle East, 1961-1969

Decline of the Anglo-American Middle East, 1961-1969

Author:

Publisher: Liverpool University Press

Published: 2014-12-01

Total Pages: 201

ISBN-13: 1836240635

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Discusses Anglo-American policy in the Middle East under Kennedy and Johnson, as well as under British Conservative and Labour governments. This title provides a historical background on the Anglo-American Middle East for the 1950s. It analyses Western policy toward Egyptian President Gamal Abdul Nasser, and toward the Arabian Peninsula.


Economic Policy and the Great Stagflation

Economic Policy and the Great Stagflation

Author: Alan S. Blinder

Publisher: Elsevier

Published: 2013-09-11

Total Pages: 244

ISBN-13: 1483264564

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Economic Policy and the Great Stagflation discusses the national economic policy and economics as a policy-oriented science. This book summarizes what economists do and do not know about the inflation and recession that affected the U.S. economy during the years of the Great Stagflation in the mid-1970s. The topics discussed include the basic concepts of stagflation, turbulent economic history of 1971-1976, anatomy of the great recession and inflation, and legacy of the Great Stagflation. The relation of wage-price controls, fiscal policy, and monetary policy to the Great Stagflation is also elaborated. This publication is beneficial to economists and students researching on the history of the Great Stagflation and policy errors of the 1970s.