Описание: This 2000 volume collected for the first time the major works of one of the great economists. In addition to twelve substantive pieces, twenty-nine economists including Lawrence Klein, James Meade, Thomas Sargent, Peter Phillips, David Hendry, William Baumol, Richard Lipsey and Geoffrey Harcourt highlight and interpret Phillips`s ongoing influence.
A new approach for introducing unemployment into the New Keynesian framework.
The past fifteen years have witnessed the rise of the New Keynesian model as a framework of reference for the analysis of fluctuations and stabilization policies. That framework, which combines the rigor and internal consistency of dynamic general equilibrium models with such typically Keynesian assumptions as monopolistic competition and nominal rigidities, makes possible a meaningful, welfare-based analysis of the effects of monetary policy rules. But the conspicuous absence of unemployment from the standard New Keynesian model has given rise to both criticism and attempts to rectify this anomaly. In this book, Jordi Gali, one of the major contributors to the New Keynesian literature, offers a new approach to introducing unemployment into that framework.
Gali's approach involves a reinterpretation of the labor market in the standard New Keynesian model with staggered wage setting (rather than a modification or extension of the model, as has been proposed by others). The resulting framework preserves the convenience of the representative household paradigm and allows one to determine the equilibrium levels of employment, the labor force, and hence the unemployment rate conditional on the monetary policy in place.
Gali develops the basic model, embedding it in a standard New Keynesian framework with staggered price and wage setting; revisits the relationship between economic fluctuations and efficiency through the lens of the new model, developing a measure of the output gap; and analyzes the relation between unemployment and the design of monetary policy.
Автор: Lars Calmfors; Harry Flam; Nils Gottfries; Janne H Название: EMU — A Swedish Perspective ISBN: 1461378346 ISBN-13(EAN): 9781461378341 Издательство: Springer Рейтинг: Цена: 27950.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Various chapters discuss monetary policy and inflation, fiscal policy, unemployment and labour markets, the transition to monetary union, and the exchange-rate arrangements between participants and non-participants.
Автор: Kaarlejarvi J. Название: Fiscal Policy Without a State in EMU?Germany, the Stability ISBN: 0230542751 ISBN-13(EAN): 9780230542754 Издательство: Springer Рейтинг: Цена: 16070.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book examines fiscal policy coordination in EMU and the required adjustments to national fiscal policies by EMU member states. The book shows that, in the process of Europeanization, national interests have had a major impact on the formation of fiscal policy coordination.
Автор: Hubert Ooghe; Freddy Heylen; Rudy Vander Vennet; J Название: The Economic and Business Consequences of the EMU ISBN: 1461355265 ISBN-13(EAN): 9781461355267 Издательство: Springer Рейтинг: Цена: 20962.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The Economic and Business Consequences of the EMU A Challenge for Governments, Financial Institutions and Firms Hubert Ooghe Conference Chairman, Vlerick Leuven Gent Management School alld Ghent University EMU finally got under way on 1 st January 1999.
Автор: Ardy, Brian Begg, Iain Hodson, Dermot Maher, Imeld Название: Adjusting to emu ISBN: 033399566X ISBN-13(EAN): 9780333995662 Издательство: Springer Рейтинг: Цена: 16769.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Provides an original and wide-ranging analysis of the impact of Economic and Monetary Union (EMU) on economic governance in the EU and in several key Member States within and outside the Euro area. This book`s emphasis is on adaptation: how EMU encourages change in national and EU institutions and in national economic regimes.
Автор: Thomas Moser; Bernd Schips Название: EMU, Financial Markets and the World Economy ISBN: 1441950125 ISBN-13(EAN): 9781441950123 Издательство: Springer Рейтинг: Цена: 29209.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book is based on the conference "EMU and the Outside World", held at the Swiss Federal Institute of Technology (ETH), December 11, 1998.
Автор: Hubert Ooghe; Freddy Heylen; Rudy Vander Vennet; J Название: The Economic and Business Consequences of the EMU ISBN: 0792379640 ISBN-13(EAN): 9780792379645 Издательство: Springer Рейтинг: Цена: 30606.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The European Monetary Union got under way on 1 January 1999. Since then 11 European countries share a common currency, the Euro, and pursue a common monetary policy managed by the European Central Bank (ECB). This book describes the economic consequences of the introduction of the EMU and the Euro for governments, financial institutions and firms.
Автор: David Cobham; George Zis Название: From EMS to EMU: 1979 to 1999 and Beyond ISBN: 0333770919 ISBN-13(EAN): 9780333770917 Издательство: Springer Рейтинг: Цена: 22359.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book provides a stocktaking of the process of European monetary integration as of early 1999 - at the start of European Monetary Union and twenty years after the creation of the European Monetary System.
Название: Italy in emu ISBN: 0230223354 ISBN-13(EAN): 9780230223356 Издательство: Springer Рейтинг: Цена: 16070.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: A decade after the creation of EMU, Italy is still adjusting to the policy environment created by the euro. This book assesses Italy`s experience in EMU, identifies the main challenges ahead, outlines key policy issues, and highlights how Italy`s experience offers lessons for other euro area members.
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