1.

Record Nr.

UNINA9910778540103321

Titolo

Understanding inflation and the implications for monetary policy : a Phillips curve retrospective / / edited by Jeff Fuhrer [and others] ; foreword by Paul A. Samuelson

Pubbl/distr/stampa

Cambridge, MA, : MIT Press, ©2009

ISBN

0-262-25820-X

1-282-69446-4

9786612694462

0-262-25878-1

Descrizione fisica

1 online resource (517 p.)

Altri autori (Persone)

FuhrerJeff

Disciplina

332.4/1

Soggetti

Inflation (Finance)

Phillips curve

Monetary policy

Unemployment - Effect of inflation on - Mathematical models

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Papers presented at a meeting held in June 2008 and sponsored by the Federal Reserve Bank of Boston.

Nota di bibliografia

Includes bibliographical references and indexes.

Nota di contenuto

Contents; Acknowledgments; Foreword; 1 The Phillips Curve in Historical Context; 2 Fifty Years of the Phillips Curve; 3 Forecasting Inflation; 4 The Labor Market and the Phillips Curve; 5 Inflation Expectations; 6 Evidence on Price Determination; 7 Is the Phillips Curve Vertical in the Long Run?; 8 Lessons for Central Bankers; 9 The Phillips Curve Going Forward; Contributors; Author Index; Subject Index

Sommario/riassunto

The 'Phillips curve' represents the inverse relationship between inflation & unemployment, & is a central concept in macroeconomic analysis. This volume offers an assessment of how more sophisticated analysis of prices & wage setting & inflation expectations have changed the nature of the curve.