Inflation, Unemployment and Monetary Policy
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Inflation, Unemployment and Monetary Policy by Robert M. Solow
Book Descriptionedited 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.
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Book DetailsISBN: 9780262692229
(203mm x 136mm x 12mm)
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 26-Feb-1999
Country of Publication: United States
Books By Author Robert M. Solow
Economics for the Curious, Hardback (January 2014)
12 Nobel Laureates take readers on a tour of some of the everyday issues that can be explored using basic economic principles. Topics include how economic tools can be used to rebuild nations in the aftermath of a war; financing retirement as longevity increases and what governments should really be doing to boost the economy.
Europe's Economic Crisis, Paperback (January 2012)» View all books by Robert M. Solow
Today the Eurozone is in turmoil, beset by stresses and strains that could challenge Europe's very construction. How did the current crisis come about, and how may it be resolved? And what does it mean for Europe's historic experiment in political and economic integration? This book addresses these questions.
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Author Biography - Robert M. Solow
Benjamin M. Friedman is William Joseph Maier Professor of Political Economy at Harvard University and the author of The Moral Consequences of Economic Growth.
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