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.

If English is rapidly becoming the international language of choice and necessity, the dollar is racing ahead as the world's currency. This somewhat astonishing development is due in large part to the actions, and deliberate non-actions, of the Federal Reserve. This organisation is responsible for tweaking, pushing and pulling the financial and economic infrastructure of America when it deems it necessary. Its moves and non-moves are scrutinised, analysed, and criticised. This new book offers an in-depth presentation of the proposes and functions of the Federal reserve, several analytical articles and an in-depth bibliography.

That the president uniquely represents the national interest is a political truism, yet this idea has been transformational, shaping the efforts of Congress to remake the presidency and testing the adaptability of American constitutional government. The emergence of the modern presidency in the first half of the twentieth century transformed the American government. But surprisingly, presidents were not the primary driving force of this change—Congress was. Through a series of statutes, lawmakers endorsed presidential leadership in the legislative process and augmented the chief executive’s organizational capacities. But why did Congress grant presidents this power? In Power Shifts, John A. Dearborn shows that legislators acted on the idea that the president was the best representative of the national interest. Congress subordinated its own claims to stand as the nation’s primary representative institution and designed reforms that assumed the president was the superior steward of all the people. In the process, Congress recast the nation’s chief executive as its chief representative. As Dearborn demonstrates, the full extent to which Congress’s reforms rested on the idea of presidential representation was revealed when that notion’s validity was thrown into doubt. In the 1970s, Congress sought to restore its place in a rebalanced system, but legislators also found that their earlier success at institutional reinvention constrained their efforts to reclaim authority. Chronicling the evolving relationship between the presidency and Congress across a range of policy areas, Power Shifts exposes a fundamental dilemma in an otherwise proud tradition of constitutional adaptation.

Introduces public management students and government and nonprofit administrators to the practices of Knowledge Management. This book focuses on knowledge management techniques in government agencies, and it covers such concepts as collecting, categorizing, processing, distributing, and archiving critical organization data and information.