Inflation, employment and business fluctuations [electronic resource] / Edmond Malinvaud.
- Standardized Title:
- Théorie macroéconomique. English
- New York ; Oxford : Oxford University Press, 2011.
- Advanced textbooks in economics ; v. 35.
Advanced textbooks in economics ; v. 35
Macroeconomic theory: a textbook on macroeconomic knowledge and analysis ; C
1 online resource (746 p.)
- Inflation (Finance).
- Electronic books.
- A Textbook on Macroeconomic Knowledge and Analysis
- Front Cover; INFLATION, EMPLOYMENT AND BUSINESS FLUCTUATIONS; Copyright Page; Contents; VOLUME C: INFLATION, EMPLOYMENT AND BUSINESS FLUCTUATIONS; Introduction to the series; Preface; Introduction; Chapter 8. The Dynamics of Inflation and Employment; Part 1: Inflation as a Process; 1.1 Costs, prices and wages: the spiral; 1.2 Cost-push inflation and demand-pull inflation; 1.3 Money and inflation; 1.4 Simple formulas for price expectations; 1.5 Rational expectations; 1.6 Empirical knowledge about the formation of expectations; 1.7 Interest rates during inflation; 1.8 Asset prices
1.9 The costs of inflation Part 2: Pressure of Demand and Inflation; 2.1 Short-run adjustments; 2.2 The dilemma: stagnation or inflation; 2.3 A first look at empirical confirmation; 2.4 The formation of demand; Part 3: About a Fictitious Direct Control of Inflation and the Credibility of Policies; 3.1 A simple framework; 3.2 An optimal fixed rule; 3.3 A Nash solution; 3.4 Time inconsistency; 3.5 Commitment, simple rules or discretion; 3.6 About the institutions of economic policy; 3.7 Government's reputation; 3.8 At the frontier between macroeconomics and political economy
Part 4: The Aggregate Demand Approach to Dynamic Macroeconomic Policies 4.1 Control of the interest rate with adaptive expectations; 4.2 Control of the money supply with adaptive expectations; 4.3 Monetary policy with alternative hypotheses on expectations; 4.4 Instrument rules and target rules; 4.5 About monetary policy rules followed during the 1980's; Part 5: About the Effectiveness of Monetary Policy; 5.1 The old monetarist position; 5.2 A market-clearing theory; 5.3 Effectiveness of anticipated money growth; 5.4 The empirical approach: preliminaries; 5.5 Introduction to the VARs
5.6 The empirical approach: some results 5.7 The empirical approach: a discussion; Part 6: Wages, Prices and Unemployment; 6.1 Background, objectives and framework; 6.2 Modulization; 6.3 The NAIRU, the natural rate of unemployment and a few other familiar concepts; 6.4 Econometrics of the price equation; 6.5 Econometrics of the wage equation; 6.6 Econometrics of the NAIRU; 6.7 About the dynamics of unemployment; Part 7: More on Policies and Diagnosis; 7.1 Price adjustments and the formation of demand: a reconsideration; 7.2 Aggregate demand management; 7.3 Prices and incomes policies
7.4 The empirical analysis of macroeconomic time series 7.5 To which shocks are economies commonly exposed? Answers from the VARs; 7.6 The relative importance of real and monetary shocks for the choice of a monetary policy rule; 7.7 A compendium of stability issues; Part 8: Microeconomic Foundations of Macroeconomic Adjustment Laws; 8.1 Facing markets and competition; 8.2 Coping with adjustment costs; 8.3 Interpreting information; 8.4 Searching before transacting; 8.5 Long-term contracts; 8.6 Social norms and social institutions; 8.7 Aggregation of adjustment laws
8.8 Aggregation of linear dynamic equations
- "Adaptation and revision of Théorie macroéconomique ... translated into English by Fenella Kirman".
Includes bibliographical references and index.
Description based on print version record.
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