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Expectations, Employment and Prices

Expectations, Employment and Prices

Hardcover

EconomicsLabor

ISBN10: 0195397908
ISBN13: 9780195397901
Publisher: Oxford University Press
Published: Mar 31 2010
Pages: 208
Weight: 0.95
Height: 0.80 Width: 6.20 Depth: 9.30
Language: English
Expectations, Employment and Prices brings Keynesian economics into the 21st century by providing a new paradigm that explains how high unemployment could potentially persist forever without a little help from the government. The book fills in logical gaps that were missing from Keynes' General Theory of Employment Interest and Money by reconciling some of its key ideas with modern economic theory. Central bankers throughout the world are talking now about developing a second instrument of monetary policy in addition to controlling the interest rate. Roger Farmer directly addresses this issue and offers new creative monetary policy proposals and suggestions for the design of new financial institutions for the 21st century.

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