Expectations, Employment and Prices

Business & Finance, Career Planning & Job Hunting, Labor, Economics, Macroeconomics
Cover of the book Expectations, Employment and Prices by Roger Farmer, Oxford University Press
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Author: Roger Farmer ISBN: 9780199889648
Publisher: Oxford University Press Publication: March 31, 2010
Imprint: Oxford University Press Language: English
Author: Roger Farmer
ISBN: 9780199889648
Publisher: Oxford University Press
Publication: March 31, 2010
Imprint: Oxford University Press
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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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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