Role of Policymakers in Business Cycle Fluctuations by Jim Granato
Look inside with Google Book Preview
Role of Policymakers in Business Cycle Fluctuations
By Jim Granato

The Role of Policymakers in Business Cycle Fluctuations

By (author) See other recent books by Jim Granato See other recent books by M. C. Sunny Wong
Format: Hardback

Normal Price: $180.00
Your Price: $162.00 AUD, inc. GST
Shipping: $7.95 per order
You Save: $18.00! (10% off normal price)
Plus...earn $8.10 in Boomerang Bucks
Availability: Available Available to Backorder, No Due Date for Supply, Not for Xmas



Role of Policymakers in Business Cycle Fluctuations by Jim Granato

Book Description

This book's central theme is that a policymaker's role is to enhance the public's ability to coordinate their price information, price expectations, and economic activities. This role is fulfilled when policymakers maintain inflation stability. Inflation persists less when an implicit or explicit inflation target is met. Granato and Wong argue that inflation persistence is reduced when the public substitutes the prespecified inflation target for past inflation. A by-product of this co-ordination process is greater economic stability. In particular, inflation stability contributes to greater economic output stability, including the potential for the simultaneous reduction of both inflation and output variability - inflation-output co-stabilization (IOCS). Granato and Wong use historical, formal, and applied statistical analysis of business-cycle performance in the United States for the 1960 to 2000 period. They find that during periods when policymakers emphasize inflation stability, inflation uncertainty and persistence were reduced.

Buy Role of Policymakers in Business Cycle Fluctuations book by Jim Granato from Australia's Online Bookstore, Boomerang Books.


Book Details

ISBN: 9780521860161
ISBN-10: 0521860164
Format: Hardback
(216mm x 138mm x 22mm)
Pages: 318
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 13-Mar-2006
Country of Publication: United Kingdom

Other Editions...


Books By Author Jim Granato

Role of Policymakers in Business Cycle Fluctuations by Jim Granato Role of Policymakers in Business Cycle Fluctuations, Paperback (July 2011)

This book's central theme is that a policymaker's role is to enhance the public's ability to coordinate economic activities.

» View all books by Jim Granato

Reviews

» Have you read this book? We'd like to know what you think about it - write a review about Role of Policymakers in Business Cycle Fluctuations book by Jim Granato and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)

Write a book review


Author Biography - Jim Granato

Jim Granato is a Visiting Scientist and Political Science Program Director at the U.S. National Science Foundation (NSF). He is the author or co-author of numerous publications in academic journals such as American Journal of Political Science, Economics and Politics, Journal of Theoretical Politics, Political Analysis, Political Research Quarterly, and Public Choice. M. C. Sunny Wong is Assistant Professor of Economics at the University of Southern Mississippi. His primary research has focused on adaptive learning dynamics in monetary policy and he is also interested in the areas of foreign direct investment (FDI) and economic growth. Professor Wong has published research articles in journals such as the Southern Economic Journal, Political Reswarch Quarterly, and Journal of Macroeconomics.

Boomerang Bucks close

For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.

Recent books by Jim Granato close
Role of Policymakers in Business Cycle Fluctuations by Jim Granato
»
Recent books by M. C. Sunny Wong close
Role of Policymakers in Business Cycle Fluctuations by M. C. Sunny Wong
Role of Policymakers in Business Cycle Fluctuations by M. C. Sunny Wong
»
BoomerangBooks.com.au close