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Money and the natural rate of unemployment
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Money and the natural rate of unemployment

Author: Finn Østrup
Publisher: Cambridge ; New York : Cambridge University Press, 2000.
Edition/Format:   Book : EnglishView all editions and formats
Summary:
This work offers a view of monetary policy & regimes. It presents new mechanisms, indicating that money affects long-term production. The consequent policy implications are discussed, including the impact of an independent central bank.
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Finn Østrup
ISBN: 0521661390 9780521661393 0521667399 9780521667395
OCLC Number: 41224075
Description: viii, 308 p. ; 24 cm.
Contents: Introduction --
The literature --
The wage formation process --
Imperfect integration of securities markets --
Monopolistic competition in bank markets --
Utility from securities holdings --
Hysteresis effects from monetary policy --
The impact of inflation on bank earnings --
Centralised wage formation --
Fiscal policy --
Price stability goal --
Uncertainty concerning policy formation --
Policy uncertainty in a fixed-but-adjustable exchange rate regime --
The impact of uncertainty on wage setting --
Policy implications of monetary non-neutrality.
Responsibility: Finn Ostrup.
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Abstract:

Upper level textbook presenting a new view of monetary policy and monetary regimes.  Read more...

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