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L’inflation est une calamité, disent aujourd’hui économistes et politiques. Ils la toléraient pourtant fort bien quand elle accompagnait l’expansion des Trente Glorieuses, quand les classes moyennes accédaient à la consommation et que le chômage était au plus bas. Même la décennie inflationniste 1970, aujourd’hui honnie, a eu ses belles années et laissé des souvenirs de projets d’infrastructure, d’accès à la propriété et de progression de la qualité de vie.C’était un autre temps, d’autres préférences, d’autres choix : un autre régime.L’inflation n’est devenue un fléau à combattre quoi qu’il en coûte qu’avec la mondialisation et la financiarisation des années 1980.Un autre régime gouvernait désormais l’économie et la finance. À son tour, celui-ci est aujourd’hui en crise, pendant qu’un nouveau émerge, plus orienté vers le besoin d’investir et plus ouvert à l’intervention des institutions publiques.En suivant les aventures récentes de l’inflation, Pascal Blanqué montre que les réalités économiques sont non seulement faites d’actions et de comportements mais aussi de représentations et de valeurs. Il explique ainsi comment un « régime » fonctionne, s’épuise, et laisse bientôt la place à un autre.Et puisqu’un « régime » est l’association de pratiques économiques et de représentations qui leur donnent sens, Les Aventures de l’inflation est un appel aux décideurs pour qu’ils formulent le récit qui accompagnera les politiques économiques à venir.

Inflation (Finance)

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This book serves as a comprehensive guide to investment management, aimed at students and academics. It explores the handling of financial assets, covering topics such as asset allocation, financial statement analysis, stock selection, and portfolio strategy. The work emphasizes the importance of achieving specific investment objectives for clients, which may include individual investors or institutional entities like pension funds and educational institutions. Additionally, it delves into the broader financial market structure and regulation, accounting and financial analysis, portfolio management, and the impact of inflation on investments. The book is intended to equip readers with a clear understanding of investment management principles and practices.

Portfolio management. --- Inflation (Finance)

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This book builds upon a long-accepted tradition of quantity theory of money in explaining long run inflation levels. It elucidates how and why - despite its important limitations - the theory can be applied throughout history, including the 2022 spikes in inflation.

BUSINESS & ECONOMICS / International / Economics. --- Inflation (Finance) --- Monetary policy.

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This study examines the potential of Belgian residential property to act as an effective hedge against inflation. Although property is often perceived as a safe investment capable of preserving the value of wealth in the face of economic fluctuations, this research fills an important gap in the literature by focusing specifically on the Belgian market, a subject that has been little explored until now.
The analysis covers data from 1992 to 2023, divided into two distinct periods: 1992-2010 and 2011-2023. Different econometric models have been used to assess the relationship between property yields and different types of inflation, actual, expected and unexpected. In addition, dummy variables were included to analyse the impact of periods of high inflation and recession. Robustness tests, including the Harmonised Index of Consumer Prices (HICP), the Health Index, the inclusion of lagged variables, as well as a cointegration test to analyse long-term relationships, were carried out to check the reliability of the results.
The results show that Belgian residential property is not always an effective hedge against inflation. This effectiveness varies according to the period, the region and the type of property studied. For the period 1992-2010, only flats in Brussels provide protection against actual inflation. And only villas in Wallonia offer protection against expected inflation. In contrast, for the period 2010-2023, houses with 2 or 3 facades in Brussels offer protection against actual inflation, while similar houses in Flanders offer protection against expected inflation. These observations suggest that the effectiveness of real estate as a hedge against inflation in Belgium is highly dependent on the temporal and regional context.
The robustness tests confirm several conclusions of the basic model, particularly with regard to the protection offered by houses in Flanders against expected inflation over the period 2011-2023. However, the inclusion of lagged variables in the analysis has revealed new dynamics, suggesting that the Belgian housing market may react with some delay to inflationary pressures.
This study makes a significant contribution to the existing literature by filling an important gap on the link between inflation and residential property in Belgium. It highlights the importance of taking into account regional differences and the potential impact of economic cycles on property yields. The results provide valuable insights for policymakers, investors and players in the Belgian property market, shedding light on the role of property as a hedge against inflation.
In conclusion, although residential property in Belgium does not offer universal protection against inflation, certain segments and regions show varying levels of protection. These results highlight the complexity of the property market and the need for further research to explore the nuanced relationships between inflation, economic cycles and property returns.

Belgian residential property --- Inflation Hedging --- Sciences économiques & de gestion > Finance

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"How inflation fears shaped American society, then and now. For most of its history, the United States has benefited from price stability-a steady relationship between supply and demand, characterized by prices that don't inflate or deflate in unpredictable fashion. Across these long stretches, the US economy became famously free-market: prices did the job of stabilizing the economy so the government didn't have to. In this sweeping and revelatory history of American economy and democracy, Carola Conces Binder shows that American price-stability is no accident. From its colonial origins to today, the American state has been designed for, and continues to be shaped by, an unlimited effort to insulate the economy from the dangers of price fluctuations. Binder narrates an American history in which inflationary anxiety has informed everything from the reluctant establishment of paper money to the rise of the modern Federal Reserve as an omniscient actor in public policy. At every step, and with each historical brush with monetary instability, the US has been reinvented as a response to its most recent failings. Shock Values is the epochal history of the US as a monetary state. Binder recounts both the monetary interests at the dawn of the Republic; its decades-long experiments with price controls; the outsize role of agriculture and industry in its monetary apparatus; and how the rise of the all-powerful Federal Reserve was born out of crisis more than anything else. Expansive and erudite, Shock Values is a watershed telling of an old history: how American union's pledge to be more perfect was drawn along monetary lines. It is not to be missed"--

Prices --- Price regulation --- Monetary policy --- Inflation (Finance) --- Anti-inflationary policies --- Democracy --- United States