Understanding Inflation and the Implications for Monetary Policy

Understanding Inflation and the Implications for Monetary Policy
Author :
Publisher : MIT Press
Total Pages : 517
Release :
ISBN-10 : 9780262258203
ISBN-13 : 026225820X
Rating : 4/5 (03 Downloads)

Book Synopsis Understanding Inflation and the Implications for Monetary Policy by : Jeff Fuhrer

Download or read book Understanding Inflation and the Implications for Monetary Policy written by Jeff Fuhrer and published by MIT Press. This book was released on 2009-09-11 with total page 517 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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


Understanding Inflation and the Implications for Monetary Policy Related Books

Understanding Inflation and the Implications for Monetary Policy
Language: en
Pages: 517
Authors: Jeff Fuhrer
Categories: Business & Economics
Type: BOOK - Published: 2009-09-11 - Publisher: MIT Press

DOWNLOAD EBOOK

Current perspectives on the Phillips curve, a core macroeconomic concept that treats the relationship between inflation and unemployment. In 1958, economist A.
Inflation Expectations
Language: en
Pages: 402
Authors: Peter J. N. Sinclair
Categories: Business & Economics
Type: BOOK - Published: 2009-12-16 - Publisher: Routledge

DOWNLOAD EBOOK

Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring t
Inflation, Unemployment, and Monetary Policy
Language: en
Pages: 140
Authors: Robert M. Solow
Categories: Business & Economics
Type: BOOK - Published: 1998 - Publisher: MIT Press

DOWNLOAD EBOOK

Edited and with an introduction by Benjamin M. Friedman The connection between price inflation and real economic activity has been a focus of macroeconomic rese
The Great Inflation
Language: en
Pages: 545
Authors: Michael D. Bordo
Categories: Business & Economics
Type: BOOK - Published: 2013-06-28 - Publisher: University of Chicago Press

DOWNLOAD EBOOK

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, i
Inflation in Emerging and Developing Economies
Language: en
Pages: 524
Authors: Jongrim Ha
Categories: Business & Economics
Type: BOOK - Published: 2019-02-24 - Publisher: World Bank Publications

DOWNLOAD EBOOK

This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflati