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.
Clasificación: | Libro Electrónico |
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Autor principal: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Cambridge ; New York :
Cambridge University Press,
2000.
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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.