Prices and Quantities PDF
By:Arthur M Okun
Published on 2011-10-01 by Brookings Institution Press
During the past decade Arthur M. Okun, like many economists, focused attention on finding ways to fight inflation without sacrificing goals of high employment and prosperity. In recent years the economy has been plagued by stagflation—the simultaneous persistence of high inflation and high unemployment. Traditional methods of aggregate demand management that have been reasonably successful in curing either one or the other of these problems have not been effective, and the nation has not been able to contain inflation even in periods of economic slack. It now seems clear that the economists’ traditional model that presumes short-run flexibility in wages and prices no longer holds for most of the industrial world, and hence the response of inflation to shifts in macroeconomic policy is weak. In this volume Okun seeks to explain that loss of responsiveness by analyzing how modern labor and product markets work and how they are structured. A central feature of Okun’s analysis is implicit contract theory, which recognizes that efficiency-maximizing decisions by business firms reflect long-term considerations as well as short-term changes in markets. His interpretation of microeconomic behavior and macroeconomic performance provides a basis for the design of policies to deal with stagflation.
This Book was ranked at 4 by Google Books for keyword Referencelaw Guide.
Book ID of Prices and Quantities's Books is 5wDclSFDjQ8C, Book which was written byArthur M Okunhave ETAG "etDxLffz95o"
Book which was published by Brookings Institution Press since 2011-10-01 have ISBNs, ISBN 13 Code is 9780815718727 and ISBN 10 Code is 0815718721
Reading Mode in Text Status is false and Reading Mode in Image Status is true
Book which have "382 Pages" is Printed at BOOK under CategoryBusiness and Economics
Book was written in en
eBook Version Availability Status at PDF is true and in ePub is false
Book Preview
Download Prices and Quantities PDF Free
Download Prices and Quantities Books Free
Download Prices and Quantities Free
Download Prices and Quantities PDF
Download Prices and Quantities Books
No comments:
Post a Comment