Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective
Language: English
Published by MIT Press, 2009
- Hardcover
- Used
Seller: Moe's Books, Berkeley, CA, U.S.A.Moe's Books
AbeBooks seller since May 26, 2003
Condition: Used - Good
US$ 60.00
Quantity: 1 available
Add to basketItem description from seller
Jacket is shelf worn, particularly along edges and corners. Cover boards are in great condition, with no visible flaws apart from minor handling wear. Spine is slightly shaken, but binding is secure. Edges of text block are lightly foxed, not visible on pages. Pages are clean and unmarked.
Seller Inventory # 1144275
- Title
- Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective
- Author
- Jeff Fuhrer, Yolanda K. Kodrzycki, Jane Sneddon Little, Giovanni P. Olivei (eds)
- Publisher
- MIT Press
- Publication year
- 2009
- Condition
- Good
- Dust jacket
- Good
- Binding
- Hard cover
- Language
- English
- ISBN 10
- 0262013630
- ISBN 13
- 9780262013635
- Seller catalogs
- Business & Economics
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
"Synopsis" may belong to another edition of this title.
About the Author
Jane Little is an economist in the Research Department at the Federal Reserve Bank of Boston.
"About the title" may belong to another edition of this title.
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