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Money and the natural rate of unemployment /

This work offers a view of monetary policy & regimes. It presents new mechanisms, indicating that money affects long-term production. The consequent policy implications are discussed, including the impact of an independent central bank.

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Østrup, Finn
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cambridge ; New York : Cambridge University Press, 2000.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • 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.