Money and the Natural Rate of Unemployment
Publisher: Cambridge University Press
Published: May 1, 2000
Language: eng
Format: Paperback
Number of pages: 318
ISBN-13: 9780521667395
Subjects: Employment & unemployment; Macroeconomics; Monetary policy; Economics - Macroeconomics; Business & Economics; Business / Economics / Finance; Business/Economics; Money & Monetary Policy; Labor; Business & Economics / Macroeconomics; Unemployment--Effect of inflation on; Effect of inflation on; Unemployment
First sentence: It is a common view among economists and policy makers that money has no impact on production in the longer term characterised by full price and wage flexibility and expectations which are formed rationally.