000			02214nam a2200301 a 4500
001			in00024287926
005			20260113122604.0
008			250725s2025 mau 000 0 eng
010			_a 2025944021
020			_a9781035328963 _q(hardback)
020			_z9781035328970 _q(ebook)
020			_z9781035374113 _q(epub)
040			_aDLC _beng _erda _cDLC
042			_apcc
100	1		_aCongdon, Tim, _eauthor.
245	1	0	_aMoney and inflation at the time of covid / _cTim Congdon.
250			_aFirst edition.
263			_a2510
264		1	_aNorthampton : _bEdward Elgar Publishing, _c2025.
300			_apages cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
520			_a"How is the inflation flare-up of the early 2020s to be explained? In this book Tim Congdon, one of the world's leading monetary analysts, argues that a money growth explosion in spring and summer 2020 was the main cause. The book is scholarly, but also lively and readable. Congdon restates the quantity theory of money, advocating the usefulness of a broadly-defined measure of money which includes all, or nearly all, bank deposits. He applies this theory to the macroeconomic events of the early 2020s, and debunks the widespread view that inflation was caused by unforeseeable supply-side shocks. In spring 2020 Congdon was almost unique in forecasting the inflation flare-up. His position contrasted sharply with the overwhelming majority of economists who instead believed that Covid-19 would lead to several years of disinflation. Congdon was right and nearly all of his profession was wrong. Congdon is very critical of leading central banks, particularly the USA's Federal Reserve. Money and Inflation at the Time of Covid is a brilliant challenge to conventional macroeconomic thinking. It provides vital insights into recent events for students and academics in economics and finance, as well as economists, policymakers and other practitioners working in financial institutions, companies and consultancies"-- _cProvided by publisher.
906			_a0 _bibc _corignew _d2 _eepcn _f20 _gy-gencatlg
942			_2ddc _cOAB
999			_c214197 _d214197