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Record Nr. |
UNINA9910778540103321 |
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Titolo |
Understanding inflation and the implications for monetary policy : a Phillips curve retrospective / / edited by Jeff Fuhrer [and others] ; foreword by Paul A. Samuelson |
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Pubbl/distr/stampa |
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Cambridge, MA, : MIT Press, ©2009 |
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ISBN |
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0-262-25820-X |
1-282-69446-4 |
9786612694462 |
0-262-25878-1 |
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Descrizione fisica |
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1 online resource (517 p.) |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Inflation (Finance) |
Phillips curve |
Monetary policy |
Unemployment - Effect of inflation on - Mathematical models |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Papers presented at a meeting held in June 2008 and sponsored by the Federal Reserve Bank of Boston. |
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Nota di bibliografia |
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Includes bibliographical references and indexes. |
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Nota di contenuto |
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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 |
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Sommario/riassunto |
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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. |
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