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.

Resurrection of a Nation
Resurrection of a Nation

Author: Kris Axhoj & John P. Walker

Publisher: AuthorHouse

Published: 2010-05-18

Total Pages: 110

ISBN-13: 1452023549

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The goal of this book is to move our government, by educating America, to a place of responsible energy solutions which will produce financial and national security. It will provide a grass root opportunity for constituents to demand results from elected servants based on facts --not opinions. These facts are derived from the EIA, DOE, USGS, IPPA, NDGS, and other reputable scientific agencies, not environmental or political opinions. America is facing serious issues concerning its energy and political policies. We, as a people, have to act now to avoid further degradation of our country's future due to special interest groups and political maneuvering that is leaving our nation crippled. It is time the truth is explored and for the masses of Americans to make intelligent decisions as to which strategic path to follow concerning its energy policies, economy, and political infrastructure. This book will be informative and should create a call to action for those who are interested in correcting our Nations energy and financial course.

The Energy Crisis
The Energy Crisis

Author: Lawrence Rocks

Publisher:

Published: 1972

Total Pages: 216

ISBN-13:

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Discusses the power shortage facing America in the next two decades and proposes an energy program designed to safeguard against the exhaustion of natural resources.

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"--

The Politics of Energy Crises
The Politics of Energy Crises

Author: Juliet E. Carlisle

Publisher: Oxford University Press

Published: 2016-09-09

Total Pages: 249

ISBN-13: 0190264659

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Energy crises, which amount to painful combinations of energy shortages and soaring prices, have struck the United States several times in recent decades. Each time they have resulted in political and economic shockwaves because, when gasoline becomes more expensive, the American public tends to react with anger and suspicion. Energy crises instantly put related issues at the top of the nation's agenda, sometimes with dramatic consequences for public policy. What can we learn from recent history, particularly as it may predict the role that volatile public opinion will play throughout the energy policy making process? As The Politics of Energy Crises demonstrates, one can discern patterns in politics and policymaking when looking at the cycles of energy crises in the United States. As such it is the first systematic historical study of political conflict, public opinion, and organized interest group and presidential and congressional action on energy issues, starting with the 1973 OPEC boycott and continuing through the present day. By charting the commonalities in political battles during energy crises, the authors make prognoses about what future energy crises will mean for United States policy.

The Distributional Implications of the Impact of Fuel Price Increases on Inflation
The Distributional Implications of the Impact of Fuel Price Increases on Inflation

Author: Mr. Kangni R Kpodar

Publisher: International Monetary Fund

Published: 2021-11-12

Total Pages: 34

ISBN-13: 1616356154

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This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.