Monetary Policy and the German Unemployment Problem in Macroeconomic Models

Theory and Evidence

Häftad, Engelska, 2011

1 124 kr

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1 124 kr

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Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years.

Keynesian and Monetarist Views on the German Unemployment Problem.- The Rational Expectations Revolution.- Monetary Policy in the New Keynesian Model.- Introducing Nonlinearities into the New Keynesian Model.- Revisiting the Natural Rate Hypothesis.- Concluding Remarks.