03550nam 22006492 450 991078009260332120151005020622.01-107-11813-10-511-04871-80-521-66139-00-511-32831-10-511-49250-21-280-16208-20-511-15430-50-511-11801-5(CKB)111056485620358(EBL)202382(OCoLC)475917805(SSID)ssj0000205128(PQKBManifestationID)11166659(PQKBTitleCode)TC0000205128(PQKBWorkID)10189399(PQKB)11335417(UkCbUP)CR9780511492501(MiAaPQ)EBC202382(Au-PeEL)EBL202382(CaPaEBR)ebr10014951(CaONFJC)MIL16208(EXLCZ)9911105648562035820090302d2000|||| uy| 0engur|||||||||||txtrdacontentcrdamediacrrdacarrierMoney and the natural rate of unemployment /Finn Ostrup[electronic resource]Cambridge :Cambridge University Press,2000.1 online resource (viii, 308 pages) digital, PDF file(s)Title from publisher's bibliographic system (viewed on 05 Oct 2015).0-521-66739-9 0-511-01342-6 Includes bibliographical references (p. 285-303) and index.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.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 production. The consequent policy implications are also discussed, including: the uses of monetary policy and monetary regimes in achieving macroeconomic goals; the impact of an independent central bank; the effects of a movement from floating exchange rates to fixed exchange rates in a monetary union. In addition to the theoretical and policy discussions the book also contains a comprehensive survey of the current state of scholarship in this area. Designed as a textbook for advanced undergraduate and graduate students in macroeconomics, labour economics and finance, this book will also appeal to scholars and policy-makers.Money & the Natural Rate of UnemploymentUnemploymentEffect of inflation onMonetary policyUnemploymentEffect of inflation on.Monetary policy.331.13/7Østrup Finn614005UkCbUPUkCbUPBOOK9910780092603321Money and the natural rate of unemployment1129146UNINA