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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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Pubblicazione: | Cambridge : , : Cambridge University Press, , 2000 |
Descrizione fisica: | 1 online resource (viii, 308 pages) : digital, PDF file(s) |
Disciplina: | 331.13/7 |
Soggetto topico: | Unemployment - Effect of inflation on |
Monetary policy | |
Note generali: | Title from publisher's bibliographic system (viewed on 05 Oct 2015). |
Nota di bibliografia: | Includes bibliographical references (p. 285-303) and index. |
Nota di contenuto: | 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. |
Sommario/riassunto: | 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. |
Altri titoli varianti: | Money & the Natural Rate of Unemployment |
Titolo autorizzato: | Money and the natural rate of unemployment ![]() |
ISBN: | 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 | |
Formato: | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910455074703321 |
Lo trovi qui: | Univ. Federico II |
Opac: | Controlla la disponibilità qui |