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Record Nr. |
UNINA9910780092603321 |
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Autore |
Østrup Finn |
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Titolo |
Money and the natural rate of unemployment / / Finn Ostrup [[electronic resource]] |
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Pubbl/distr/stampa |
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Cambridge : , : Cambridge University Press, , 2000 |
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ISBN |
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1-107-11813-1 |
0-511-04871-8 |
0-521-66139-0 |
0-511-32831-1 |
0-511-49250-2 |
1-280-16208-2 |
0-511-15430-5 |
0-511-11801-5 |
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Descrizione fisica |
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1 online resource (viii, 308 pages) : digital, PDF file(s) |
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Disciplina |
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Soggetti |
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Unemployment - Effect of inflation on |
Monetary policy |
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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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Title from publisher's bibliographic system (viewed on 05 Oct 2015). |
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Nota di bibliografia |
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Includes bibliographical references (p. 285-303) and index. |
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Nota di contenuto |
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Introduction -- The literature -- The wage formation process -- Imperfect integration of securities markets -- Monopolistic competition in bank markets -- Utility from securities holdings -- Hysteresis effects from monetary policy -- The impact of inflation on bank earnings -- Centralised wage formation -- Fiscal policy -- Price stability goal -- Uncertainty concerning policy formation -- Policy uncertainty in a fixed-but-adjustable exchange rate regime -- The impact of uncertainty on wage setting -- Policy implications of monetary non-neutrality. |
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Sommario/riassunto |
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The prevailing view among economists and policy makers is that money has no impact on production in a longer term characterised by full price and wage flexibility and rational expectations. This book presents a revisionist view of monetary policy and monetary regimes. It presents several new mechanisms, indicating that money affects long-term |
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