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Inflation, Unemployment, and Monetary Policy

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Inflation, Unemployment, and Monetary Policy Cover

 

Synopses & Reviews

Publisher Comments:

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.

Synopsis:

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.

About the Author

Benjamin M. Friedman is William Joseph Maier Professor of Political Economy at Harvard University and the author of The Moral Consequences of Economic Growth.Benjamin M. Friedman is William Joseph Maier Professor of Political Economy at Harvard University and the author of The Moral Consequences of Economic Growth.

Product Details

ISBN:
9780262692229
Editor:
Friedman, Benjamin M.
Author:
Taylor, John B.
Author:
Taylor, James B.
Author:
Solow, Robert M.
Author:
Friedman, Benjamin M.
Publisher:
MIT Press (MA)
Location:
Cambridge
Subject:
Macroeconomics
Subject:
Money & Monetary Policy
Subject:
Monetary policy
Subject:
Public Policy
Subject:
Inflation (finance)
Subject:
Economics - Macroeconomics
Subject:
Public Policy - General
Subject:
Economics - General
Subject:
Business-Accounting and Finance
Edition Description:
Trade paper
Series:
Alvin Hansen Symposium on Public Policy at Harvard University Inflation, Unemployment, and Monetary
Publication Date:
19990131
Binding:
TRADE PAPER
Grade Level:
from 17
Language:
English
Illustrations:
Y
Pages:
136
Dimensions:
8 x 5.375 in

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Related Subjects

Business » Accounting and Finance
History and Social Science » Economics » General
History and Social Science » Politics » General

Inflation, Unemployment, and Monetary Policy New Trade Paper
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Product details 136 pages MIT Press - English 9780262692229 Reviews:
"Synopsis" by , 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.
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