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Expectations, employment and prices

Author: Roger E A Farmer
Publisher: Oxford ; New York : Oxford University Press, 2010.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Expectations, Employment and Prices brings Keynesian economics into the 21st century by providing a new paradigm that explains how high unemployment could potentially persist forever without a little help from the government. The book fills in logical gaps that were missing from Keynes' General Theory of Employment Interest and Money by reconciling some of its key ideas with modern economic theory. Central bankers  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Farmer, Roger E.A.
Expectations, employment and prices.
Oxford ; New York : Oxford University Press, 2010
(DLC) 2009024295
(OCoLC)406945770
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Roger E A Farmer
ISBN: 9780199741540 0199741549
OCLC Number: 550640839
Description: 1 online resource (xv, 189 pages) : illustrations
Contents: PART I: The Theory of Unemployment; 1 What This Book Is About; 2 The Basic Model; 3 An Extension to Multiple Goods; 4 A Model with Investment and Saving; PART II: Using the Theory to Understand Data; 5 A New Way to Understand Business Cycle Facts; 6 The Great Depression: Telling the Keynesian Story in a New Way; 7 The Wartime Recovery: A Dynamic Model Where Fiscal Policy Matters; 8 The U.S. Economy from 1951 to 2000: Employment and GDP; PART III: The Theory of Prices; 9 Money and Uncertainty; 10 Money and Inflation Since 1951; 11 How to Fix the Economy; Notes; Bibliography; Index; A.
Responsibility: Roger E.A. Farmer.

Abstract:

Expectations, Employment and Prices brings Keynesian economics into the 21st century by providing a new paradigm that explains how high unemployment could potentially persist forever without a little help from the government. The book fills in logical gaps that were missing from Keynes' General Theory of Employment Interest and Money by reconciling some of its key ideas with modern economic theory. Central bankers throughout the world are talking now about developing a second instrument of monetary policy in addition to controlling the interest rate. This book directly addresses this issue and.

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