The Truth About Inflation

The Truth About Inflation does not set out to forecast inflation, but to help improve its understanding, so that investors can make better decisions to achieve the real returns that they need. Starting with a summary of long history of inflation, the drivers of price change are considered. Many of the "urban myths" that have built up about inflation are shown to be a consequence of irrational judgement or political scaremongering. Some behaviour, like the unhealthy veneration of gold as a means of inflation protection, is shown to be the result of historical accident. In the modern era of lower nominal investment returns, inflation inequality (whereby some groups experience persistently higher inflation than others) is a very important consideration.

Author: Paul Donovan
Publisher: Routledge
Published: 04/16/2015
Pages: 200
Binding Type: Hardcover
Weight: 0.95lbs
Size: 9.20h x 6.30w x 0.70d
ISBN: 9781138023611

About the Author

Paul Donovan joined UBS in 1992 and is a managing director and global economist. Paul is responsible for formulating and presenting the UBS Investment Research global economic view.