Hansjörg Herr Knihy

The book delves into the historical context of inflation, particularly focusing on the German hyperinflation of the 1920s and the inflationary crises of the 1970s. It explores the economic turmoil and the rise of fascism and neoliberalism that followed these periods. Through five case studies, it critiques past economic policy mistakes and offers empirical insights and strategies to combat inflation and deflation. Additionally, it examines the interplay between wage increases, income distribution, and price changes, providing recommendations for wage policies to stabilize prices amidst economic shocks.

This short book sets out the history, development, and day-to-day workings of the European Central Bank. It assesses its work, independence, the policies and instruments at its disposal, and the evolution of its role during the eurozone crisis of 2010.