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Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective on Textbook Full Format.
By : Jeff Fuhrer
Book Synopsis :
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 .
Book Detail :
Tittle : Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective
Author : Jeff Fuhrer
Pages : 520 pages
Publisher : MIT Press
Language :
ISBN-10 : 0262013630
ISBN-13 : 9780262013635
Supporting format: PDF, EPUB, Kindle, Audio, MOBI, HTML, RTF, TXT, etc.
Supporting : PC, Android, Apple, Ipad, Iphone, etc.
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