Willi Semmler

Monetary Policy and Unemployment (eBook, PDF)

The US, Euro-area and Japan

• Format: PDF

Produktbeschreibung

This book pulls together papers presented at a conference in honour of the 1981 Nobel Prize Winner for Economic Science, the late James Tobin. Among the contributors are Olivier Blanchard, Edmund Phelps, Charles Goodhart and Marco Buti.
One of the main aims of the conference was to discuss what potential role monetary policy has on economic activity and unemployment reduction in three key currency zones - the United States, European Union and Japan.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 272
• Erscheinungstermin: 2. August 2004
• Englisch
• ISBN-13: 9781135993818
• Artikelnr.: 42983765

Autorenporträt

Willi Semmler is Professor of Economics at the New School University New York, and the Center for Empirical Macroeconomics at Bielefeld University.

Inhaltsangabe

Part One: Overview: Unemployment and Monetary Policy in the Three Currency
Areas 1. Monetary Policy and Unemployment Olivier Blanchard (MIT) 2. Some
Notes on Monetary Policy and Unemployment Edmund Phelps (Columbia
University) 3. Monetary Policy and Unemployment in Japan Hiroshi Yoshikawa,
(University of Tokyo) Part Two: Labor Market Institutions and Unemployment
4. The Role of Shocks and Institutions in the Rise of European
Unemployment: The Aggregate Evidence Olivier Blanchard (MIT) and Justin
Wolfers (Stanford University) 5. Labor Market Institutions and European
Unemployment: A Comment on Blanchard and Wolfers Dawid Howel (New School
University) 6. The Labour Market Dynamics in the Euro Area: A Model-Based
Sensitivity Analysis Alistair Dieppe (European Central Bank), Jerome Henry
(European Central Bank, Frankfurt) and Peter McAdam (European Central Bank)
Part Three: Structuralist Causes of Unemploment and Monetary Policy 7. The
Structuralist Perspective on Real Exchange Rates, Share Price Level and
Employment Paths: What Room is Left for Money? Edmund Phelps (Columbia
University), Hian Teck Hoon (Singapore Management University) and Gylfi
Zoega (Birkbeck College) 8. The Long Stagnation and Monetary Policy in
Japan: A Theoretical Explanation H. Yoshikawa (University of Tokyo),
Masanao Aoki (UCLA), and Toshihiro Shimizu (Kanagawa University) 9.
Monetary Policy, the Labor Market and Pegged Exchange Rates: A Study of the
German Economy Peter Flaschel (Bielefeld University), Gang Gong (Tsinghua
University and CEM, Bielefeld University) and Willi Semmler (New School
University and CEM, Bielefeld) Part Four: Monetary Policy Rules, Fiscal
Policy and Unemployment 10. The Constitutional Position of the Central Bank
Charles Goodhart (Financial Market Group, London School of Economics) 11.
Activist Stabilization Policy and Inflation: The Taylor Rule in Action
Athanasios Orphanides (Federal Reserve Board, Washington, DC) 12. The Fed`s
Monetary Policy Rule: Past, Present, and Future Antonio Moreno (Columbia
University) 13. Tax Reform: Stabilization and Incentive Effects Marco Buti
(European Commission, Brussels), and Paul Van den Noord (OECD)