Inflation, Unemployment, and Monetary Policy

by John Brian Taylor and Robert Solow

Book Overview

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...

• Format: Paperback
• Language: English
• ISBN: 0262692228
• ISBN13: 9780262692229
• Release Date: January 1999
• Publisher: MIT Press
• Length: 136 Pages
• Weight: 0.40 lbs.
• Dimensions: 0.4" x 5.4" x 8.0"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher

Customer Reviews

fruitful and timely discussion

"Inflation, Unemployment, and Monetary Policy" is one of the most serious problem in the developed countries, especially my country Japan, which is suffering a severe unemployment problem for a long recession. Because of the continuous Government's spending policy. Japanese fiscal situation is deteriorated, so japanese economy's last hope is a monetary poicy. At that time, reading this exciting book and studying excellent opinions of 6 notable economists are truly fruitful. In this book, 6 economists make a poweful and exciting discussion...of course, there is no perfect solution...But, I believe that I can make a firm basis for thinking this severe problem.