Money and the natural rate of unemployment / / Finn Ostrup [[electronic resource]]

• Autore: Østrup Finn
• 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.: 9910780092603321
• Lo trovi qui: Univ. Federico II