Monetary policy and the German unemployment problem in macroeconomic models : theory and evidence.

Gottschalk, Jan:

ISBN 10: 3540256504 / ISBN 13: 9783540256502

Published by Berlin / Heidelberg / New York, Springer Verlag, ., 2005

About this Item

Mit einigen Abbildungen. 287 S. Gr.-8°, Pp. Gut erhalten. Kieler Studien / Kiel Studies 334. Nachhaltige Buchlieferung - Stabile, plastikfreie Verpackung.

Seller Inventory # 15848

Bibliographic Details

• Title: Monetary policy and the German unemployment problem in macroeconomic models : theory and evidence.
• Publisher: Berlin / Heidelberg / New York, Springer Verlag, .
• Publication Date: 2005
• ISBN 10: 3540256504
• ISBN 13: 9783540256502
• Seller catalogs:
  • Wirtschaft

About this title

Synopsis

Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in recent years a convergence has taken place, with modern models embodying a Keynesian transmission mechanism, monetarist policy implication, and modeling techniques inspired by new classical economics and real business cycle theory. It also probes in which direction models may be extended from here. Empirically, the book uses different econometric techniques to investigate the relevance and implications of different macroeconomic theories for German data. A key question this book investigates is the role of demand and supply side conditions for the increase in the German unemployment rate. On a policy level, the book relates the implications of the different theories to the ongoing debate on the appropriate roles of demand and supply side policies for curing the German unemployment problem.