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Monetary Policy and the German Unemployment Problem in Macroeconomic Models
Buch
Buch
Fachbuch
2005

Monetary Policy and the German Unemployment Problem in Macroeconomic Models

Theory and Evidence

ISBN
EAN
978-3-540-25650-2
9783540256502
Artikel-Nr.
G4EPNV6
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3
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Rabatt
-11.9
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CHF 165.00
CHF
145.28
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1
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5
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Dienstag
05.07.2022
speech-bubble-svg Beschreibung
Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in recent years a convergence has taken place, with modern models embodying a Keynesian transmission mechanism, monetarist policy implication, and modeling techniques inspired by new classical economics and real business cycle theory. It also probes in which direction models may be extended from here. Empirically, the book uses different econometric techniques to investigate the relevance and implications of different macroeconomic theories for German data. A key question this book investigates is the role of demand and supply side conditions for the increase in the German unemployment rate. On a policy level, the book relates the implications of the different theories to the ongoing debate on the appropriate roles of demand and supply side policies for curing the German unemployment problem.
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Stichwörter
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Research
Inhaltsverzeichnis
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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.
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Herausgeber/-in
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Publikation
Deutschland
31.08.2005
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Sprache
Englisch
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Buch (Hardcover)
288 Seiten
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Kostenlos: Schweiz & Liechtenstein
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Volkswirtschaft
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# Weitere
Jan Gottschalk
Bücher

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Buch
Monetary Policy and the German Unemployment Problem in Macroeconomic Models
Theory and Evidence
2011
Rabatt
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CHF 165.00
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