Title Monetary policy and unemployment : the US, Euro-area, and Japan / edited by Willi Semmler

Published London ; New York : Routledge, Taylor and Francis Group, 2005

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Description 1 online resource Series Routledge international studies in money and banking ; 31 Routledge international studies in money and banking ; 31. Contents 1. Introduction / Willi Semmler -- 2. Monetary policy and unemployment / Olivier Blanchard -- 3. Some notes on monetary policy and unemployment / Edmund Phelps -- 4. The long stagnation of the Japanese economy during the 1990s and macroeconomic policies / Hiroshi Yoshikawa -- 5. The role of shocks and institutions in the rise of European unemployment : the aggregate evidence / Olivier Blanchard and Justin Wolfers -- 6. Labor market institutions and unemployment in Europe : a comment on Blanchard and Wolfers / David R. Howell -- 7. Labor market dynamics in the Euro-area : a model-based sensitivity analysis / Alistair Dieppe, Jerome Henry and Peter McAdam -- 8. The structuralist perspective on real exchange rate, share price level, and employment path : what room is left for money? / Hian Teck Hoon, Edmund Phelps and Gylfi Zoega -- 9. The long stagnation and monetary policy in Japan : a theoretical explanation / Masanao Aoki, Hiroshi Yoshikawa and Toshihiro Shimizu -- 10. Monetary policy, the labor market, and pegged exchange rates : a study of the German economy / Peter Flaschel, Gang Gong and Willi Semmler -- 11. The constitutional position of the Central Bank / Charles Goodhart -- 12. Activist stabilization policy and inflation : the Taylor rule in the 1970s / Athanasios Orphanides -- 13. The Fed's monetary policy rule : past, present, and future / Antonio Moreno -- 14. What is the impact of tax and welfare reforms on fiscal stabilizers? : a simple model and an application to EMU / Marco Buti and Paul van den Noord Summary "Written in the spirit of the long time Yale Professor, James Tobin, who has held the view that monetary policy is not neutral, this volume provides an analysis of the different economic performances exhibited by the USA, the Euro-area, and Japan in the last decade. Through addressing the potential role monetary policy has on economic growth and unemployment, this book also discusses the new policy rules that, perhaps, should have been and should be used in the future to improve the economic performance of the three regions." "This book will be of great interest to both undergraduate and graduate economic students, academics, and practitioners."--Jacket Analysis output gap real interest rate taylor rule central bank nominal Notes Papers presented at a conference in honor of the 1981 Nobel Prize Winner for Economic Science, the late James Tobin, and hosted by the Economics Dept. and the Center for Economic Policy Analysis of the New School University, held Nov. 22-23, 2002 Bibliography Includes bibliographical references and index Notes English Print version record SUBJECT Honʼyaku iin shachū Japan gnd Subject Monetary policy -- United States -- Congresses Monetary policy -- European Union countries -- Congresses Monetary policy -- Japan -- Congresses Unemployment -- United States -- Congresses Unemployment -- European Union countries -- Congresses Unemployment -- Japan -- Congresses Chômage. Politique monétaire. Marché du travail. Modèles économétriques. UE/CE Etats membres. Monetary policy. Unemployment. Arbeitslosigkeit Geldpolitik Monetaire politiek. Werkloosheid. Etats-Unis d'Amérique. Japon. European Union countries. Japan. United States. Europäische Union. USA Japan Europäische Union. USA. Genre/Form Conference papers and proceedings. Kongress. New York (NY, 2002) Form Electronic book Author Semmler, Willi New School University. Economics Department. New School University. Center for Economic Policy Analysis. LC no. 2020690851 ISBN 9781135993801 1135993807 1280289694 9781280289699 9786610289691 6610289697 0203329589 9780203329580

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