Understanding Inflation and the Implications for Monetary Policy: A Phillips Curve Retrospective - Couverture rigide

Couverture rigide

ISBN 10 : 0262013630 ISBN 13 : 9780262013635

Editeur : The MIT Press, 2009

Synopsis

Current perspectives on the Phillips curve, a core macroeconomic concept that treats the relationship between inflation and unemployment.

In 1958, economist A. W. Phillips published an article describing what he observed to be the inverse relationship between inflation and unemployment; subsequently, the “Phillips curve” became a central concept in macroeconomic analysis and policymaking. But today's Phillips curve is not the same as the original one from fifty years ago; the economy, our understanding of price setting behavior, the determinants of inflation, and the role of monetary policy have evolved significantly since then. In this book, some of the top economists working today reexamine the theoretical and empirical validity of the Phillips curve in its more recent specifications. The contributors consider such questions as what economists have learned about price and wage setting and inflation expectations that would improve the way we use and formulate the Phillips curve, what the Phillips curve approach can teach us about inflation dynamics, and how these lessons can be applied to improving the conduct of monetary policy.

Contributors
Lawrence Ball, Ben Bernanke, Oliver Blanchard, V. V. Chari, William T. Dickens, Stanley Fischer, Jeff Fuhrer, Jordi Gali, Michael T. Kiley, Robert G. King, Donald L. Kohn, Yolanda K. Kodrzycki, Jane Sneddon Little, Bartisz Mackowiak, N. Gregory Mankiw, Virgiliu Midrigan, Giovanni P. Olivei, Athanasios Orphanides, Adrian R. Pagan, Christopher A. Pissarides, Lucrezia Reichlin, Paul A. Samuelson, Christopher A. Sims, Frank R. Smets, Robert M. Solow, Jürgen Stark, James H. Stock, Lars E. O. Svensson, John B. Taylor, Mark W. Watson

A propos du livre

À propos de l?auteur

Jeff Fuhrer is an economist in the Research Department at the Federal Reserve Bank of Boston.

Yolanda Kodrzycki is an economist in the Research Department at the Federal Reserve Bank of Boston.

Jane Little is an economist in the Research Department at the Federal Reserve Bank of Boston.

Giovanni Olivei is an economist in the Research Department at the Federal Reserve Bank of Boston.

Paul Samuelson (1915–2009) received the Nobel Prize in Economics in 1970. He was Institute Professor, Emeritus; Professor of Economics, Emeritus; and Gordon Y. Billard Fellow at MIT. His influential Economics: An Introductory Analysis is the most widely used economics textbook ever published.

Jeff Fuhrer is an economist in the Research Department at the Federal Reserve Bank of Boston.

Yolanda Kodrzycki is an economist in the Research Department at the Federal Reserve Bank of Boston.

Jane Little is an economist in the Research Department at the Federal Reserve Bank of Boston.

Giovanni Olivei is an economist in the Research Department at the Federal Reserve Bank of Boston.

Robert M. Solow is Institute Professor of Economics.

John B. Taylor is Mary and Robert Raymond Professor of Economics at Stanford University and George P. Schultz Fellow in Economics at the Hoover Institution.

N. Gregory Mankiw is Professor of Economics at Harvard University.

Olivier Blanchard is C. Fred Bergsten Senior Fellow at the Peterson Institute for International Economics in Washington, DC. He was Chief Economist at the International Monetary Fund from 2008 to 2015.

Christopher A. Pissarides, 2010 Nobel Laureate in Economics, is School Professor of Economics and Political Science and Regius Professor of Economics at the London School of Economics.

Jordi Galí is Director of CREI, Professor at Universitat Pompeu Fabra, and Research Professor at Barcelona Graduate School of Economics. He is the author of Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework.

Stanley Fischer is former Governor of the Bank of Israel and has been nominated as Vice Chair of the Federal Reserve]. He is the author of IMF Essays from a Time of Crisis: The International Financial System, Stabilization, and Development (MIT Press).

Ben S. Bernanke is the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs at Princeton University.

Détails de l'édition

• Éditeur: The MIT Press
• Date d'édition: 2009
• Langue: anglais
• ISBN 10: 0262013630
• ISBN 13: 9780262013635
• Reliure: Relié
• Nombre de pages: 520
• Éditeur: Fuhrer Jeff, Kodrzycki Yolanda K., Little Jane Sneddon, Olivei Giovanni P.
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible