Inflation, Unemployment and Monetary Policy

Author/creator Solow, Robert M. Author
Other author Taylor, John B. Author
Other author Friedman, Benjamin M. Editor Introduction by
Format Electronic
Publication InfoCambridge : MIT Press
Description136 p. ill 08.000 x 05.375 in.
Supplemental ContentFull text available from eBooks on EBSCOhost
Subjects

SeriesAlvin Hansen Symposium Series on Public Policy Ser.
Summary Annotation <p>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.</p>
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9780262692229
ISBN0262692228 (Trade Paper) Active Record
Standard identifier# 9780262692229
Stock number00015994

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