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Monetary policy and unemployment : the US, Euro-area, and Japan

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概要 "Written in the spirit of the long time Yale Professor, James Tobin, who has held the view that monetary policy is not neutral, this volume provides an analysis of the different economic performances ...exhibited by the USA, the Euro-area, and Japan in the last decade. Through addressing the potential role monetary policy has on economic growth and unemployment, this book also discusses the new policy rules that, perhaps, should have been and should be used in the future to improve the economic performance of the three regions." "This book will be of great interest to both undergraduate and graduate economic students, academics, and practitioners."--Jacket.続きを見る
目次 1. Introduction
Willi Semmler
2. Monetary policy and unemployment
Olivier Blanchard
3. Some notes on monetary policy and unemployment
Edmund Phelps
4. The long stagnation of the Japanese economy during the 1990s and macroeconomic policies
Hiroshi Yoshikawa
5. The role of shocks and institutions in the rise of European unemployment : the aggregate evidence
Olivier Blanchard and Justin Wolfers
6. Labor market institutions and unemployment in Europe : a comment on Blanchard and Wolfers
David R. Howell
7. Labor market dynamics in the Euro-area : a model-based sensitivity analysis
Alistair Dieppe, Jerome Henry and Peter McAdam
8. The structuralist perspective on real exchange rate, share price level, and employment path : what room is left for money?
Hian Teck Hoon, Edmund Phelps and Gylfi Zoega
9. The long stagnation and monetary policy in Japan : a theoretical explanation
Masanao Aoki, Hiroshi Yoshikawa and Toshihiro Shimizu
10. Monetary policy, the labor market, and pegged exchange rates : a study of the German economy
Peter Flaschel, Gang Gong and Willi Semmler
11. The constitutional position of the Central Bank
Charles Goodhart
12. Activist stabilization policy and inflation : the Taylor rule in the 1970s
Athanasios Orphanides
13. The Fed's monetary policy rule : past, present, and future
Antonio Moreno
14. What is the impact of tax and welfare reforms on fiscal stabilizers? : a simple model and an application to EMU
Marco Buti and Paul van den Noord.
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登録日 2020.06.27
更新日 2020.12.23