Inflation And Unemployment
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Inflation And Unemployment
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Author : Graham Dawson
language : en
Publisher: Edward Elgar Publishing
Release Date : 1992
Inflation And Unemployment written by Graham Dawson and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
Based on economic events and policies in the UK and USA, this text argues against the New Right claim that inflation causes unemployment. The effects of unemployment on unemployed people are investigated and the impact of inflation on the distribution of income and wealth are assessed.
The Inflation Unemployment Trade Off At Low Inflation
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Author : Pierpaolo Benigno
language : en
Publisher: International Monetary Fund
Release Date : 2009-03-01
The Inflation Unemployment Trade Off At Low Inflation written by Pierpaolo Benigno and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-03-01 with Business & Economics categories.
Wage setters take into account the future consequences of their current wage choices in the presence of downward nominal wage rigidities. Several interesting implications arise. First, a closed-form solution for a long-run Phillips curve relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes flatter as inflation declines. Second, macroeconomic volatility shifts the Phillips curve outward, implying that stabilization policies can play an important role in shaping the trade-off. Third, nominal wages tend to be endogenously rigid also upward, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of inflation decreases: this implies a long-run trade-off also between the volatility of unemployment and that of wage inflation.
Inflation And Unemployment
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Author : Victor E. Argy
language : en
Publisher: Routledge
Release Date : 2016-04-20
Inflation And Unemployment written by Victor E. Argy and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-20 with Business & Economics categories.
Originally published in 1985 and contributed to by internationally renowned economists, this volume discusses theoretical issues and country-specific experiences to review the underlying causes of the stagflation of the 1970s and early 1980s, as well as summarizing the kinds of macro-policies that were adopted to deal with the stagflation.
Inflation Unemployment And Monetary Policy
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Author : Robert M. Solow
language : en
Publisher: MIT Press
Release Date : 1998
Inflation Unemployment And Monetary Policy written by Robert M. Solow and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
Edited and with an introduction by Benjamin M. Friedman The connection between price inflation and real economic activity has been a focus of macroeconomic research--and debate--for much of the past century. Although this connection is crucial to our understanding of what monetary policy can and cannot accomplish, opinions about its basic properties have swung widely over the years. Today, virtually everyone studying monetary policy acknowledges that, contrary to what many modern macroeconomic models suggest, central bank actions often affect both inflation and measures of real economic activity, such as output, unemployment, and incomes. But the nature and magnitude of these effects are not yet understood. In this volume, Robert M. Solow and John B. Taylor present their views on the dilemmas facing U.S. monetary policymakers. The discussants are Benjamin M. Friedman, James K. Galbraith, N. Gregory Mankiw, and William Poole. The aim of this lively exchange of views is to make both an intellectual contribution to macroeconmics and a practical contribution to the solution of a public policy question of central importance.
Inflation And Unemployment
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Author : United States. Congressional Budget Office
language : en
Publisher:
Release Date : 1975
Inflation And Unemployment written by United States. Congressional Budget Office and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1975 with Inflation (Finance) categories.
Inflation Deflation And Unemployment
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Author : LAURA. LORIA
language : en
Publisher: Encyclopaedia Britannica
Release Date : 2018-07-01
Inflation Deflation And Unemployment written by LAURA. LORIA and has been published by Encyclopaedia Britannica this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-01 with Juvenile Nonfiction categories.
The Economy can be an intimidating subject for some readers. They might feel that it's too complicated to understand, or that it's just for adults. This illuminating volume explains facets of the economy and how they are measured in plain language. It offers age-appropriate, real-life illustrations of the concepts to help middle-school readers relate on a personal level. Historical and current examples are cited throughout the text, which support curricular standards outlined in the C3 Framework for Social Studies State Standards.
Inflation Unemployment And Money
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Author : Bruno Jossa
language : en
Publisher: Edward Elgar Publishing
Release Date : 1998
Inflation Unemployment And Money written by Bruno Jossa and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
This comprehensive book presents an original reconstruction of the different interpretations of the Phillips curve. The authors demonstrate through an in-depth analysis how it is possible to find non-neoclassical foundations in the trade-off between inflation and unemployment. The debate is presented from a historical perspective which charts the evolution of the Phillips curve from a non-neoclassical perspective, taking account of post Keynesian literature. In the first part of the book the authors focus on the origins of the Phillips curve and they critically analyse Richard Lipsey's interpretation and approach to the Phillips curve. They then explore the neoclassical and monetarist interpretation, paying special attention to the evolution of monetarism and the Keynesian critique of this approach. The Kaleckian, Keynesian and Marxist interpretations of the Phillips trade-off are then presented. Here the authors show how the relationship between inflation, unemployment and money described in these approaches accurately reflects the fundamental features of today's capitalist economies. In the final section a new Phillips curve is constructed, taking into account the non-accelerating inflation rate of unemployment and the hysteresis of it. Inflation, Unemployment and Money will be of interest to macroeconomists, post Keynesians and monetary and financial economists.
Inflation And Unemployment
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Author : Samuel A. Morley
language : en
Publisher:
Release Date : 1979
Inflation And Unemployment written by Samuel A. Morley and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Business & Economics categories.
Explaining The Recent Behavior Of Inflation And Unemployment In The United States
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Author : Mr.Vincent Hogan
language : en
Publisher: International Monetary Fund
Release Date : 1998-09-01
Explaining The Recent Behavior Of Inflation And Unemployment In The United States written by Mr.Vincent Hogan and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-09-01 with Business & Economics categories.
Low rates of inflation have been recorded in recent years, despite a decline in the unemployment rate. This phenomenon could be the result of a series of transitory shocks or of a permanent change in the structure of the economy leading to a lower NAIRU. The paper suggests that, while the NAIRU may have fallen slightly, it has not fallen by an amount sufficient to explain the recent behavior of inflation. A leading explanation for recent inflation performance appears to be favorable price shocks; in particular, the cost of imports has fallen sharply as the dollar has appreciated.
Inflation Policy And Unemployment Theory
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Author : Edmund S. Phelps
language : en
Publisher: London : Macmillan
Release Date : 1972
Inflation Policy And Unemployment Theory written by Edmund S. Phelps and has been published by London : Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 1972 with Business & Economics categories.
Monograph on economic theory and economic policies relevant to unemployment and inflation, proposing a cost benefit analysis approach to optimal monetary policy for the USA - includes economic models. References and statistical tables.