Author: Philip Hardwick
Publisher: Longman Publishing Group
ISBN:
Category : Business & Economics
Languages : en
Pages : 164
Book Description
The Problems of Unemployment and Inflation
Author: Philip Hardwick
Publisher: Longman Publishing Group
ISBN:
Category : Business & Economics
Languages : en
Pages : 164
Book Description
Publisher: Longman Publishing Group
ISBN:
Category : Business & Economics
Languages : en
Pages : 164
Book Description
Inflation, Unemployment, and Monetary Policy
Author: Robert M. Solow
Publisher: MIT Press
ISBN: 9780262692229
Category : Business & Economics
Languages : en
Pages : 140
Book Description
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.
Publisher: MIT Press
ISBN: 9780262692229
Category : Business & Economics
Languages : en
Pages : 140
Book Description
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.
Inflation and Unemployment
Author: Graham Dawson
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
Book Description
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.
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
Book Description
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.
The Great Inflation
Author: Michael D. Bordo
Publisher: University of Chicago Press
ISBN: 0226066959
Category : Business & Economics
Languages : en
Pages : 545
Book Description
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.
Publisher: University of Chicago Press
ISBN: 0226066959
Category : Business & Economics
Languages : en
Pages : 545
Book Description
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.
Unemployment and Inflation
Author: MichaelJ. Piore
Publisher: Routledge
ISBN: 1351537903
Category : Business & Economics
Languages : en
Pages : 433
Book Description
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.
Publisher: Routledge
ISBN: 1351537903
Category : Business & Economics
Languages : en
Pages : 433
Book Description
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.
Employment without Inflation
Author: Benjamin Higgins
Publisher: Routledge
ISBN: 1351292358
Category : Business & Economics
Languages : en
Pages : 384
Book Description
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.
Publisher: Routledge
ISBN: 1351292358
Category : Business & Economics
Languages : en
Pages : 384
Book Description
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.
Problems of Inflation and Unemployment
Author: United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Economic Stabilization
Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 376
Book Description
Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 376
Book Description
Inflation and Unemployment
Author: Victor E. Argy
Publisher: Routledge
ISBN: 1317216792
Category : Business & Economics
Languages : en
Pages : 398
Book Description
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.
Publisher: Routledge
ISBN: 1317216792
Category : Business & Economics
Languages : en
Pages : 398
Book Description
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.
The Problem of Inflation and Unemployment in the U.S. Economy
Author: Janet Ajibola Akinrefon
Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 144
Book Description
Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 144
Book Description
The Unemployment-inflation Dilemma
Author: Charles C. Holt
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 124
Book Description
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.
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 124
Book Description
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.