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Home > Macroeconomic Issues Best Practice

Macroeconomic Issues Best Practice

Best Practice

Internationally renowned finance leaders, experts and educators distil and summarize the most important aspects of finance best practice. Each Best Practice essay has an Executive Summary for quick reference, outlining the main points. The Making It Happen feature illustrates practical applications, and where relevant authors have provided illustrative case studies and definitions.

  • Mixflation
    by Giles Keating
    Previous eras—viewed through the simplifying lens of history—seem often to fall into periods of inflation and deflation: the great falling-price boom of the 1880s; The deflationary slump of the 1930s; the inflationary 1970s. But modern times are more mixed. Over much of the last 10 years, manufactured goods prices have fallen while commodity prices soared. During 2008, this bifurcation seemed to briefly give way to a more generalized inflation,...
  • The Globalization of Inflation
    by Diana Choyleva
    The surge in global consumer price inflation in 2007 and most of 2008 caught many by surprise. The low-inflation decade that preceded this overheating had given central bankers God-like status. But improved monetary policy had at best a supporting role in the global Goldilocks story. The protagonist was the Eurasian savings glut. The setting was the process of globalization. Central bankers across the world fell seriously behind the curve by...

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