The Role of Policymakers in Business Cycle Fluctuations 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024

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Jim Granato 作者

Cambridge University Press

譯者

2006-3-13 出版日期

316 頁數

GBP 72.00 價格

Hardcover

叢書系列

9780521860161 圖書編碼

The Role of Policymakers in Business Cycle Fluctuations 在線電子書圖書標籤: economics Economics

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發表於2024-11-24

The Role of Policymakers in Business Cycle Fluctuations 在線電子書 epub 下載 mobi 下載 pdf 下載 txt 下載 2024

The Role of Policymakers in Business Cycle Fluctuations 在線電子書 epub 下載 pdf 下載 mobi 下載 txt 下載 2024

The Role of Policymakers in Business Cycle Fluctuations 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024

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The Role of Policymakers in Business Cycle Fluctuations 在線電子書 pdf 下載 txt下載 epub 下載 mobi 在線電子書下載

The Role of Policymakers in Business Cycle Fluctuations 在線電子書圖書描述

The book’s central theme is that a policymaker’s role is to enhance the public’s ability to co-ordinate their price information, price expectations, and economic activities. This role is fulfilled when policymakers maintain inflation stability. Inflation persists less when an implicit or explicit inflation target is met. Granato and Wong argue that inflation persistence is reduced when the public substitutes the prespecified inflation target for past inflation. A by-product of this co-ordination process is greater economic stability. In particular, inflation stability contributes to greater economic output stability, including the potential for the simultaneous reduction of both inflation and output variability - inflation-output co-stabilization (IOCS). Granato and Wong use historical, formal, and applied statistical analysis of business-cycle performance in the United States for the 1960 to 2000 period. They find that during periods when policymakers emphasise inflation stability, inflation uncertainty and persistence were reduced.

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