{"title":"Política Monetária","description":null,"products":[{"product_id":"inflation-targeting","title":"Inflation Targeting","description":"\u003cp\u003eHow should governments and central banks use monetary policy to create a healthy economy? Traditionally, policymakers have used such strategies as controlling the growth of the money supply or pegging the exchange rate to a stable currency. In recent years a promising new approach has emerged: publicly announcing and pursuing specific targets for the rate of inflation. This book is the first in-depth study of inflation targeting. Combining penetrating theoretical analysis with detailed empirical studies of countries where inflation targeting has been adopted, the authors show that the strategy has clear advantages over traditional policies. They argue that the U.S. Federal Reserve and the European Central Bank should adopt this strategy, and they make specific proposals for doing so.\u003c\/p\u003e\n \u003cp\u003eThe book begins by explaining the unique features and advantages of inflation targeting. The authors argue that the simplicity and openness of inflation targeting make it far easier for the public to understand the intent and effects of monetary policy. This strategy also increases policymakers' accountability for inflation performance and can accommodate flexible, even \"discretionary,\" monetary policy actions without sacrificing central banks' credibility. The authors examine how well variants of this approach have worked in nine countries: Germany and Switzerland (which employ a money-focused form of inflation targeting), New Zealand, Canada, the United Kingdom, Sweden, Israel, Spain, and Australia. They show that these countries have typically seen lower inflation, lower inflation expectations, and lower nominal interest rates, and have found that one-time shocks to the price level have less of a \"pass-through\" effect on inflation. These effects, in turn, are improving the climate for economic growth. The authors warn, however, that the success of inflation targeting depends on operational details, such as how the targets are defined and when they are announced. They also\u003c\/p\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":52640604160367,"sku":"9780691086897","price":323.51,"currency_code":"BRL","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0921\/9384\/9711\/files\/0691086893.jpg?v=1770394885"},{"product_id":"essays-on-the-great-depression","title":"Essays on the Great Depression","description":"\u003cp\u003e\u003cb\u003eFrom the Nobel Prize-winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eAs chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s-work for which he was later awarded the Nobel Prize. This influential work is collected in \u003ci\u003eEssays on the Great Depression\u003c\/i\u003e, an important account of the origins of the Depression and the economic lessons it teaches.\u003c\/p\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":52640811876719,"sku":"9780691118208","price":327.38,"currency_code":"BRL","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0921\/9384\/9711\/files\/0691118205.jpg?v=1770400444"},{"product_id":"the-great-contraction-1929-1933","title":"The Great Contraction, 1929-1933","description":"\u003cp\u003eFriedman and Schwartz's \u003ci\u003eA Monetary History of the United States, 1867-1960\u003c\/i\u003e, published in 1963, stands as one of the most influential economics books of the twentieth century. A landmark achievement, the book marshaled massive historical data and sharp analytics to support the claim that monetary policy--steady control of the money supply--matters profoundly in the management of the nation's economy, especially in navigating serious economic fluctuations. The chapter entitled \"The Great Contraction, 1929-33\" addressed the central economic event of the century, the Great Depression. Published as a stand-alone paperback in 1965, \u003ci\u003eThe Great Contraction, 1929-1933\u003c\/i\u003e argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and ameliorating banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of the economy--a concept that has come to inform the actions of central banks worldwide.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e  This edition of the original text includes a new preface by Anna Jacobson Schwartz, as well as a new introduction by the economist Peter Bernstein. It also reprints comments from the current Federal Reserve chairman, Ben Bernanke, originally made on the occasion of Milton Friedman's 90th birthday, on the enduring influence of Friedman and Schwartz's work and vision.\u003c\/p\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":52649710846319,"sku":"9780691137940","price":303.41,"currency_code":"BRL","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0921\/9384\/9711\/files\/0691137943.jpg?v=1770663601"},{"product_id":"the-abc-of-money","title":"The ABC of Money","description":"\u003cp\u003eIt seems a simple question — what is money?— but the answer is more complicated than you’d think. In 1891, America’s greatest self-made man, steel tycoon Andrew Carnegie, took on the subject in this essay. Here, he explains:\u003c\/p\u003e\u003cp\u003e• the historical basis for money as a medium of exchange\u003cbr\u003e\n• the difference between “money” and “currency”\u003cbr\u003e\n• the trouble governments get into when they “make money”\u003cbr\u003e\n• the problems that coming with backing currency with silver\u003cbr\u003e\n• the “good sense” of the gold standard\u003cbr\u003e\n• and more.\u003c\/p\u003e\u003cp\u003e\u003cem\u003eThe ABC of Money: Lessons from a Tycoon\u003c\/em\u003e offers a highly readable discussion of a basic concept of economics.\u003c\/p\u003e\u003cp\u003eAlso from Cosimo: Carnegie’s \u003cem\u003eRound the World\u003c\/em\u003e, \u003cem\u003eTriumphant Democracy\u003c\/em\u003e, \u003cem\u003eJames Watt, An American Four-in-Hand in Britain\u003c\/em\u003e, \u003cem\u003eThe Empire of Business\u003c\/em\u003e, \u003cem\u003eThe Gospel of Wealth\u003c\/em\u003e, and the \u003cem\u003eAutobiography of Andrew Carnegie\u003c\/em\u003e.\u003c\/p\u003e","brand":"Cosimo","offers":[{"title":"Default Title","offer_id":52653808058735,"sku":"9781944529352","price":79.06,"currency_code":"BRL","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0921\/9384\/9711\/files\/1944529357.jpg?v=1770743314"},{"product_id":"policymaking-in-the-european-central-bank","title":"Policymaking in the European Central Bank","description":"Drawing on numerous interviews with high-ranking and founding members of the European Central Bank (ECB), Karl Kaltenthaler identifies and explains the factors that shape the bank's domestic and international monetary strategies. The policy-making model that offers the best roadmap to a healthy economy is that of the German Bundesbank. To secure the long-term needs of the economy, the decisionmakers in the ECB have created a model that attempts to replicate the Bundesbank's success at the European level and to lend credibility to their own policies. Offering unprecedented access to internal decisionmaking at the ECB, \u003ci\u003ePolicymaking in the European Central Bank\u003c\/i\u003e will interest readers who want to understand this important European institution.","brand":"Bloomsbury Publishing PLC","offers":[{"title":"Default Title","offer_id":52657212916079,"sku":"9780742553675","price":492.66,"currency_code":"BRL","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0921\/9384\/9711\/files\/0742553671.jpg?v=1770811701"}],"url":"https:\/\/internacional.umlivro.com.br\/collections\/politica-monetaria.oembed","provider":"UmLivro Internacional","version":"1.0","type":"link"}