The connection between price inflation and real economic activity has been a focus of macroeconomic research and debate. 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. Many studying monetary policy acknowledge 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 the authors present their views on the dilemmas facing US monetary policymakers. The aim of the book is to make both an intellectual contribution to macroeconomics and a practical contribution to the solution of a public policy question of central importance.
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About the Author
Benjamin M. Friedman is William Joseph Maier Professor of Political Economy at Harvard University and the author of The Moral Consequences of Economic Growth.
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9 of 10 people found the following review helpful:
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fruitful and timely discussion,
This review is from: Inflation, Unemployment, and Monetary Policy (Alvin Hansen Symposium Series on Public Policy) (Paperback)
"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.
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First Sentence:
Since this is the first Hansen Symposium and since none of us is getting any younger, I would like to begin with a few words about Alvin Hansen's approach to the problem of inflation. Read the first page Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Bob Solow, John Taylor, Bill Poole, Jamie Galbraith, Ben Friedman, Milton Friedman, Alvin Hansen, Greg Mankiw, Professor Solow New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Since this is the first Hansen Symposium and since none of us is getting any younger, I would like to begin with a few words about Alvin Hansen's approach to the problem of inflation. Read the first page Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Bob Solow, John Taylor, Bill Poole, Jamie Galbraith, Ben Friedman, Milton Friedman, Alvin Hansen, Greg Mankiw, Professor Solow New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 8
books:
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11
books
cite this book:
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- Reducing Inflation: Motivation and Strategy (National Bureau of Economic Research Studies in Income and Wealth) by Christina D. Romer in Back Matter (1), Back Matter (2), and Back Matter (3)
- Monetary Policy (National Bureau of Economic Research Studies in Income and Wealth) by N. Gregory Mankiw in Back Matter (1), and Back Matter (2)
- Unemployment and Macroeconomics (Ohlin Lectures) by Assar Lindbeck in Back Matter
- How Keynes Came to America by John Kenneth Galbraith in Back Matter
- Economic Issues (Social Science Skills : Activities for the Secondary Classroom/Teacher Manual and Duplicating Masters) by Educational Resources Center in Back Matter
See all 8 books this book cites
- Macroeconomics: Principles, Problems, and Policies by Campbell R. McConnell on page 351
- The Impact of EMU on Europe and the Developing Countries (Wider Studies in Development Economics) by Charles Wyplosz on page 109
- France in Crisis: Welfare, Inequality, and Globalization since 1980 by Timothy B. Smith in Back Matter
- Global Economic Growth: Theories, Research, Studies, and Annotated Bibliography, 1950-1997 by Lewis-Guodo Liu on page 52
- The New Economy: And What It Means for America's Future by Roger Alcaly in Back Matter
See all 11 books citing this book
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