Monetary policy, inflation, and unemployment
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Monetary policy, inflation, and unemployment

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Published by Macquarie University, School of Economic and Financial Studies in [North Ryde, N.S.W.] .
Written in English

Subjects:

Places:

  • Australia.

Subjects:

  • Monetary policy -- Australia.

Book details:

Edition Notes

StatementD. J. P. Jüttner.
SeriesResearch paper - School of Economic and Financial Studies, Macquarie University ; no. 114, Research paper (Macquarie University. School of Economic and Financial Studies) ;, no. 114.
Classifications
LC ClassificationsHG1395 .J845
The Physical Object
Pagination32 p. :
Number of Pages32
ID Numbers
Open LibraryOL4610727M
LC Control Number77374430

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There is an inflation-stabilizing rate of unemployment, and a wage-price inflation spiral develops if unemployment is kept lower than this. Monetary policy affects aggregate demand and inflation through a variety of channels. Adverse shocks, such as an oil price increase, can lead to higher unemployment and higher inflation. →Seasonal Unemployment: Rural urban migration →Classical Unemployment: Change social legislation →Demand deficient unemployment: fiscal monetary policy Inflation. Definition of inflation and deflation; Inflation . Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework By Jordi Galí Princeton University Press, Read preview Overview What Starts Inflation: . In the recent period, the unemployment rate also fluctuated between roughly 4 percent and 10 percent, but inflation has been relatively tame, averaging percent and never declining below 1 percent or rising to percent. Even during the financial crisis, core inflation .

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