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Expectations, Employment and Prices Roger Farmer (Professor of Economics, Professor of Economics, University of California, Los Angeles)

Expectations, Employment and Prices By Roger Farmer (Professor of Economics, Professor of Economics, University of California, Los Angeles)

Expectations, Employment and Prices by Roger Farmer (Professor of Economics, Professor of Economics, University of California, Los Angeles)

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Summary

Expectations, Employment and Prices brings Keynesian economics into the 21st century by providing a new paradigm that explains how high unemployment can persist. The book fills in logical gaps that were missing from Keynes' General Theory of Employment Interest and Money.

Expectations, Employment and Prices Summary

Expectations, Employment and Prices by Roger Farmer (Professor of Economics, Professor of Economics, University of California, Los Angeles)

Expectations, Employment and Prices brings Keynesian economics into the 21st century by providing a new paradigm that explains how high unemployment could potentially persist forever without a little help from the government. The book fills in logical gaps that were missing from Keynes' General Theory of Employment Interest and Money by reconciling some of its key ideas with modern economic theory. Central bankers throughout the world are talking now about developing a second instrument of monetary policy in addition to controlling the interest rate. This book directly addresses this issue and offers new creative monetary policy proposals and suggestions for the design of new financial institutions for the 21st century.

Expectations, Employment and Prices Reviews

This is an ambitious book. We need to develop new approaches to business cycles and unemployment. Roger Farmer's attempt is refreshing, insightful and bold. * Daron Acemoglu, Charles P. Kindleberger Professor of Applied Economics, MIT and Co-Editor of Econometrica *

About Roger Farmer (Professor of Economics, Professor of Economics, University of California, Los Angeles)

Roger E. A. Farmer is Professor and Department Chair at UCLA Department of Economics. He is a Research Associate of the National Bureau of Economic Research and the Centre for Economic Policy Research, and coeditor of the International Journal of Economic Theory. He is a member of the Financial Times Economists Forum, a specialist on macroeconomic theory and the author of five books and numerous scholarly articles.

Table of Contents

PREFACE IX

Additional information

NPB9780195397901
9780195397901
0195397908
Expectations, Employment and Prices by Roger Farmer (Professor of Economics, Professor of Economics, University of California, Los Angeles)
Roger Farmer (Professor of Economics, Professor of Economics, University of California, Los Angeles)
New
Hardback
Oxford University Press Inc
2010-04-29
208
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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Customer Reviews - Expectations, Employment and Prices