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Understanding inflation and the implications for monetary policy :a Phillips …
In 1958, economist A. W. Phillips published an article describing what he observed to be the inverse relationship between inflation and unemployment; subsequently, the “Phillips curve” became a central concept in macroeconomic analysis and policymaking. But today's Phillips curve is not the same as the original one from fifty years ago; the economy, our understanding of price setting behavi…
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- ISBN/ISSN
- 9780262258784
- Collation
- 1 online resource (xiii, 502 pages) :illustrations
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Structural Unemployment in Western Europe: Reasons and Remedies
Examines the different patterns and long-term trends behind persistent unemployment across Western Europe in light of the developments in labour market theory. This work explains the emergence and persistence of unemployment.OCLC-licensed vendor bibliographic record.
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- ISBN/ISSN
- 9780262285995
- Collation
- 1 online resource (viii, 350 pages) :illustrations.
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Unemployment fluctuations and stabilization policies :a new Keynesian perspec…
A new approach for introducing unemployment into the New Keynesian framework. The past fifteen years have witnessed the rise of the New Keynesian model as a framework of reference for the analysis of fluctuations and stabilization policies. That framework, which combines the rigor and internal consistency of dynamic general equilibrium models with such typically Keynesian assumptions as mono…
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- ISBN/ISSN
- 9780262298797
- Collation
- 1 online resource (106 pages) :illustrations.
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