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Author: Mr.Vincent Hogan
Publisher: International Monetary Fund
ISBN: 1451856512
Category : Business & Economics
Languages : en
Pages : 18
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Book Description
Low rates of inflation have been recorded in recent years, despite a decline in the unemployment rate. This phenomenon could be the result of a series of transitory shocks or of a permanent change in the structure of the economy leading to a lower NAIRU. The paper suggests that, while the NAIRU may have fallen slightly, it has not fallen by an amount sufficient to explain the recent behavior of inflation. A leading explanation for recent inflation performance appears to be favorable price shocks; in particular, the cost of imports has fallen sharply as the dollar has appreciated.
Author: United States. Congressional Budget Office
Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 98
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Book Description
Author: Mr.Vincent Hogan
Publisher: International Monetary Fund
ISBN: 1451856512
Category : Business & Economics
Languages : en
Pages : 18
Get Book Here
Book Description
Low rates of inflation have been recorded in recent years, despite a decline in the unemployment rate. This phenomenon could be the result of a series of transitory shocks or of a permanent change in the structure of the economy leading to a lower NAIRU. The paper suggests that, while the NAIRU may have fallen slightly, it has not fallen by an amount sufficient to explain the recent behavior of inflation. A leading explanation for recent inflation performance appears to be favorable price shocks; in particular, the cost of imports has fallen sharply as the dollar has appreciated.
Author: Michael D. Bordo
Publisher: University of Chicago Press
ISBN: 0226066959
Category : Business & Economics
Languages : en
Pages : 545
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Book Description
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author: Robert M. Solow
Publisher: MIT Press
ISBN: 9780262692229
Category : Business & Economics
Languages : en
Pages : 140
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Book Description
Edited and with an introduction by Benjamin M. Friedman The connection between price inflation and real economic activity has been a focus of macroeconomic research--and debate--for much of the past century. Although this connection is crucial to our understanding of what monetary policy can and cannot accomplish, opinions about its basic properties have swung widely over the years. Today, virtually everyone studying monetary policy acknowledges that, contrary to what many modern macroeconomic models suggest, central bank actions often affect both inflation and measures of real economic activity, such as output, unemployment, and incomes. But the nature and magnitude of these effects are not yet understood. In this volume, Robert M. Solow and John B. Taylor present their views on the dilemmas facing U.S. monetary policymakers. The discussants are Benjamin M. Friedman, James K. Galbraith, N. Gregory Mankiw, and William Poole. The aim of this lively exchange of views is to make both an intellectual contribution to macroeconmics and a practical contribution to the solution of a public policy question of central importance.
Author: Peter B. Clark
Publisher:
ISBN:
Category : Full employment policies
Languages : en
Pages : 140
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Book Description
Author: United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on Economic Stabilization
Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 376
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Book Description
Author: United States. Congress. House. Committee on Banking, Currency, and Housing. Subcommittee on Economic Stabilization
Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 586
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Book Description
Author: United States. Congressional Budget Office
Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 80
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Book Description
Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 134
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Book Description
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic Stabilization
Publisher:
ISBN:
Category : Economic forecasting
Languages : en
Pages : 22
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Book Description
