Download or read book Inflation Unemployment and Monetary Policy written by Robert M. Solow and published by MIT Press. This book was released on 1998 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Problems of Unemployment and Inflation written by Philip Hardwick and published by Longman Publishing Group. This book was released on 1987 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inflation and Unemployment written by Graham Dawson and published by Edward Elgar Publishing. This book was released on 1992 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on economic events and policies in the UK and USA, this text argues against the New Right claim that inflation causes unemployment. The effects of unemployment on unemployed people are investigated and the impact of inflation on the distribution of income and wealth are assessed.
Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Download or read book Unemployment and Inflation written by MichaelJ. Piore and published by Routledge. This book was released on 2017-07-05 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1979, this reader presents an industrialist view of the labour market and economics as they stood at the time in the United States. The essays collated aim to answer macroeconomic questions on this topic as well as exploring issues related closely to employment and inflation. This title will be of interest to students of business and economics.
Download or read book Inflation and Unemployment written by Victor E. Argy and published by Routledge. This book was released on 2016-04-20 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1985 and contributed to by internationally renowned economists, this volume discusses theoretical issues and country-specific experiences to review the underlying causes of the stagflation of the 1970s and early 1980s, as well as summarizing the kinds of macro-policies that were adopted to deal with the stagflation.
Download or read book Employment without Inflation written by Benjamin Higgins and published by Routledge. This book was released on 2018-01-16 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy has undergone a fundamental transformation in recent decades and theoretical structures inherited from the 1930s through the 1950s, while retaining large elements of truth, are inadequate to deal with current problems. Benjamin Higgins feels that for a society such as the United States a fiscal policy needs to be adopted that can deal simultaneously with existing unemployment and inflation. He suggests three possible governmental policies: stimulating a high rate of long-run growth, by use of reward innovations and by maintaining the highest possible level of scientific and technical activity; isolating regions that are generators of inflation and others that are pools for unemployment; and establishing a system of direct controls similar to those used in wartime. Higgins describes the transformation of the cogent prewar business cycle, with its alternations of inflation or unemployment, then a transitional period of underemployment equilibrium and secular stagnation, and finally, the strange new world of today, one with economic fluctuations in the form of shifting trade-off curves and loops. He then applies his new paradigm to current problems, showing why they cannot be managed through macroeconomic monetary and fiscal policy. Higgins offers case studies of efforts to fight inflation and unemployment, and to reduce regional gaps, to show their strengths and weaknesses. It can be said that unemployment always results from too many people chasing too few jobs, and inflation is always caused by too much money chasing too few goods and services. Beyond such banal generalizations, Higgins maintains there is no single cause for either unemployment or inflation, and thus no single cure can be prescribed for either, let alone for both at once. Nor is it to be expected that the appropriate cure will prove to be the same in all countries at all times. He suggests that an optimal blend of monetary and fiscal policy that will produce the "minimum discomfort" is a good start. Employment Without Inflation will be of direct policy interest to economists, sociologists, and national planners.
Download or read book Problems of Inflation and Unemployment written by United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Economic Stabilization and published by . This book was released on 1976 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Unemployment inflation Dilemma written by Charles C. Holt and published by . This book was released on 1971 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic research report on the limitations of present government policies for the elimination of unemployment and inflation in the USA - covers economic theories on the dynamics of prices and wages, economic implications of employment policy for the maintenance of full employment, the efficiency of monetary policy and fiscal policy formulation, social implications of labour force training programmes, etc. Bibliography pp. 103 to 107.
Download or read book Problems of inflation and unemployment written by United States. Congress. House. Committee on Banking, Currency, and Housing. Subcommittee on Economic Stabilization and published by . This book was released on 1976 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Unemployment Inflation Tradeoff written by John Rutledge and published by . This book was released on 1975 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The World Economy in Crisis written by Lorie Tarshis and published by James Lorimer & Company. This book was released on 1984-01-01 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lorie Tarshis held that much of the economic suffering in the 1970s was not necessary, that the crisis could have been easily eased had it not been for governments' faulty diagnoses and poorly-designed prescriptions. Faced with increasingly serious energy shortages, economic slowdowns, rising unemployment and skyrocketing Third World debt, Western governments responded with inflation-fighting policies left over from the Second World War that served only to exaccerbate the situation. In this book Tarshis recommended an overall strategy to confront these problems without resorting to the stopgaps then in vogue with government decision makers. World Economy in Crisis offers an acute diagnosis of the pervasive malaise facing the world economy in the 1970s, and a critical perspective on contemporary official responses to it.
Download or read book Inflation written by John Hudson and published by Routledge. This book was released on 2016-04-20 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1982, this book begins with a wide-ranging and critical review of both first and second generation theories of inflation (and the related problem of unemployment), including the classical approach to macroeconomics. The author systematically integrates search, implicit contract, expectations and wage-bargaining theeoriees to outline a new and original synthesis. This synthesis and switching regimes model is then rigorously examined to see how well it can explain inflation the US and the UK.
Download or read book The Overburdened Economy written by Lloyd J. Dumas and published by Univ of California Press. This book was released on 1986 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that the American economy has continued to decine since the late 1960s and includes ideas for America's revitalization.
Download or read book Inflation and Unemployment written by Congressional Quarterly, inc and published by . This book was released on 1975 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Battle Against Unemployment written by Arthur M. Okun and published by . This book was released on 1965 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collection of articles on employment policy and economic policy in the USA, including financial aspects of fiscal policy, consumer prices and unemployment problems.
Download or read book Unemployment Inflation and New Macroeconomic Policy written by J. O. N. Perkins and published by Springer. This book was released on 1982-06-24 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: