Inflation And Unemployment
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Author | : Robert M. Solow |
Publisher | : MIT Press |
Total Pages | : 140 |
Release | : 1998 |
Genre | : Business & Economics |
ISBN | : 9780262692229 |
Download Inflation, Unemployment, and Monetary Policy Book in PDF, Epub and Kindle
Edited and with an introduction by Benjamin M. Friedman The connection between price inflation and real economic activity has been a focus of macroeconomic research--and debate--for much of the past century. Although this connection is crucial to our understanding of what monetary policy can and cannot accomplish, opinions about its basic properties have swung widely over the years. Today, virtually everyone studying monetary policy acknowledges that, contrary to what many modern macroeconomic models suggest, central bank actions often affect both inflation and measures of real economic activity, such as output, unemployment, and incomes. But the nature and magnitude of these effects are not yet understood. In this volume, Robert M. Solow and John B. Taylor present their views on the dilemmas facing U.S. monetary policymakers. The discussants are Benjamin M. Friedman, James K. Galbraith, N. Gregory Mankiw, and William Poole. The aim of this lively exchange of views is to make both an intellectual contribution to macroeconmics and a practical contribution to the solution of a public policy question of central importance.
Author | : Graham Dawson |
Publisher | : Edward Elgar Publishing |
Total Pages | : 232 |
Release | : 1992 |
Genre | : Business & Economics |
ISBN | : |
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Based on economic events and policies in the UK and USA, this text argues against the New Right claim that inflation causes unemployment. The effects of unemployment on unemployed people are investigated and the impact of inflation on the distribution of income and wealth are assessed.
Author | : Pierpaolo Benigno |
Publisher | : International Monetary Fund |
Total Pages | : 48 |
Release | : 2009-03-01 |
Genre | : Business & Economics |
ISBN | : 1451871813 |
Download The Inflation-Unemployment Trade-off at Low Inflation Book in PDF, Epub and Kindle
Wage setters take into account the future consequences of their current wage choices in the presence of downward nominal wage rigidities. Several interesting implications arise. First, a closed-form solution for a long-run Phillips curve relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes flatter as inflation declines. Second, macroeconomic volatility shifts the Phillips curve outward, implying that stabilization policies can play an important role in shaping the trade-off. Third, nominal wages tend to be endogenously rigid also upward, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of inflation decreases: this implies a long-run trade-off also between the volatility of unemployment and that of wage inflation.
Author | : United States. Congressional Budget Office |
Publisher | : |
Total Pages | : 98 |
Release | : 1975 |
Genre | : Inflation (Finance) |
ISBN | : |
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Author | : Edmund S. Phelps |
Publisher | : London : Macmillan |
Total Pages | : 360 |
Release | : 1972 |
Genre | : Business & Economics |
ISBN | : |
Download Inflation Policy and Unemployment Theory Book in PDF, Epub and Kindle
Monograph on economic theory and economic policies relevant to unemployment and inflation, proposing a cost benefit analysis approach to optimal monetary policy for the USA - includes economic models. References and statistical tables.
Author | : Victor E. Argy |
Publisher | : Routledge |
Total Pages | : 398 |
Release | : 2016-04-20 |
Genre | : Business & Economics |
ISBN | : 1317216792 |
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Originally published in 1985 and contributed to by internationally renowned economists, this volume discusses theoretical issues and country-specific experiences to review the underlying causes of the stagflation of the 1970s and early 1980s, as well as summarizing the kinds of macro-policies that were adopted to deal with the stagflation.
Author | : Laura Loria |
Publisher | : The Rosen Publishing Group, Inc |
Total Pages | : 50 |
Release | : 2018-07-15 |
Genre | : Juvenile Nonfiction |
ISBN | : 1538302659 |
Download Inflation, Deflation, and Unemployment Book in PDF, Epub and Kindle
The Economy can be an intimidating subject for some readers. They might feel that it's too complicated to understand, or that it's just for adults. This illuminating volume explains facets of the economy and how they are measured in plain language. It offers age-appropriate, real-life illustrations of the concepts to help middle-school readers relate on a personal level. Historical and current examples are cited throughout the text, which support curricular standards outlined in the C3 Framework for Social Studies State Standards.
Author | : Samuel A. Morley |
Publisher | : |
Total Pages | : 214 |
Release | : 1979 |
Genre | : Business & Economics |
ISBN | : 9780030410161 |
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Author | : Robert James Gordon |
Publisher | : Cambridge University Press |
Total Pages | : 520 |
Release | : 2004 |
Genre | : Business & Economics |
ISBN | : 9780521531429 |
Download Productivity Growth, Inflation, and Unemployment Book in PDF, Epub and Kindle
Publisher Description
Author | : Michael D. Bordo |
Publisher | : University of Chicago Press |
Total Pages | : 545 |
Release | : 2013-06-28 |
Genre | : Business & Economics |
ISBN | : 0226066959 |
Download The Great Inflation Book in PDF, Epub and Kindle
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.