Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective - Hardcover

 
9780262013635: Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective
Hardcover
ISBN 10: 0262013630 ISBN 13: 9780262013635
Verlag: MIT Press, 2009

Inhaltsangabe

Current perspectives on the Phillips curve, a core macroeconomic concept that treats the relationship between inflation and unemployment.

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 behavior, the determinants of inflation, and the role of monetary policy have evolved significantly since then. In this book, some of the top economists working today reexamine the theoretical and empirical validity of the Phillips curve in its more recent specifications. The contributors consider such questions as what economists have learned about price and wage setting and inflation expectations that would improve the way we use and formulate the Phillips curve, what the Phillips curve approach can teach us about inflation dynamics, and how these lessons can be applied to improving the conduct of monetary policy.

Contributors
Lawrence Ball, Ben Bernanke, Oliver Blanchard, V. V. Chari, William T. Dickens, Stanley Fischer, Jeff Fuhrer, Jordi Gali, Michael T. Kiley, Robert G. King, Donald L. Kohn, Yolanda K. Kodrzycki, Jane Sneddon Little, Bartisz Mackowiak, N. Gregory Mankiw, Virgiliu Midrigan, Giovanni P. Olivei, Athanasios Orphanides, Adrian R. Pagan, Christopher A. Pissarides, Lucrezia Reichlin, Paul A. Samuelson, Christopher A. Sims, Frank R. Smets, Robert M. Solow, Jürgen Stark, James H. Stock, Lars E. O. Svensson, John B. Taylor, Mark W. Watson

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Über die Autorin bzw. den Autor

Jane Little is an economist in the Research Department at the Federal Reserve Bank of Boston.

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Verlag
MIT Press
Erscheinungsdatum
2009
Sprache
Englisch
ISBN 10 
0262013630
ISBN 13 
9780262013635
Einband
Gebundene Ausgabe
Anzahl der Seiten
502
Herausgeber
Fuhrer Jeff, Kodrzycki Yolanda K., Little Jane Sneddon, Olivei Giovanni P.
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
Nicht verfügbar