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Money and the natural rate of unemployment /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Money and the natural rate of unemployment // Finn Ostrup.
remainder title:	Money & the Natural Rate of Unemployment
Author:	Østrup, Finn,
Description:	1 online resource (viii, 308 pages) :digital, PDF file(s). :
Notes:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Subject:	Unemployment - Effect of inflation on. -
Online resource:	https://doi.org/10.1017/CBO9780511492501
ISBN:	9780511492501 (ebook)

Money and the natural rate of unemployment /
Østrup, Finn,

Money and the natural rate of unemployment /Money & the Natural Rate of UnemploymentFinn Ostrup. - 1 online resource (viii, 308 pages) :digital, PDF file(s).

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Introduction --

The prevailing view among economists and policy makers is that money has no impact on production in a longer term characterised by full price and wage flexibility and rational expectations. This book presents a revisionist view of monetary policy and monetary regimes. It presents several new mechanisms, indicating that money affects long-term production. The consequent policy implications are also discussed, including: the uses of monetary policy and monetary regimes in achieving macroeconomic goals; the impact of an independent central bank; the effects of a movement from floating exchange rates to fixed exchange rates in a monetary union. In addition to the theoretical and policy discussions the book also contains a comprehensive survey of the current state of scholarship in this area. Designed as a textbook for advanced undergraduate and graduate students in macroeconomics, labour economics and finance, this book will also appeal to scholars and policy-makers.

ISBN: 9780511492501 (ebook)Subjects--Topical Terms:

556323
Unemployment
--Effect of inflation on.

LC Class. No.: HD5710 / .O78 2000

Dewey Class. No.: 331.13/7

Money and the natural rate of unemployment /
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245 1 0 $a Money and the natural rate of unemployment / $c Finn Ostrup.
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500 $a Title from publisher's bibliographic system (viewed on 05 Oct 2015).
505 0 0 $t Introduction -- $t The literature -- $t The wage formation process -- $t Imperfect integration of securities markets -- $t Monopolistic competition in bank markets -- $t Utility from securities holdings -- $t Hysteresis effects from monetary policy -- $t The impact of inflation on bank earnings -- $t Centralised wage formation -- $t Fiscal policy -- $t Price stability goal -- $t Uncertainty concerning policy formation -- $t Policy uncertainty in a fixed-but-adjustable exchange rate regime -- $t The impact of uncertainty on wage setting -- $t Policy implications of monetary non-neutrality.
520 $a The prevailing view among economists and policy makers is that money has no impact on production in a longer term characterised by full price and wage flexibility and rational expectations. This book presents a revisionist view of monetary policy and monetary regimes. It presents several new mechanisms, indicating that money affects long-term production. The consequent policy implications are also discussed, including: the uses of monetary policy and monetary regimes in achieving macroeconomic goals; the impact of an independent central bank; the effects of a movement from floating exchange rates to fixed exchange rates in a monetary union. In addition to the theoretical and policy discussions the book also contains a comprehensive survey of the current state of scholarship in this area. Designed as a textbook for advanced undergraduate and graduate students in macroeconomics, labour economics and finance, this book will also appeal to scholars and policy-makers.
650 0 $a Unemployment $x Effect of inflation on. $3 556323
650 0 $a Monetary policy. $3 556378
776 0 8 $i Print version: $z 9780521661393
856 4 0 $u https://doi.org/10.1017/CBO9780511492501