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The Societal Costs Of Inflation And Unemployment
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Book Synopsis The Societal Costs of Inflation and Unemployment by : Olga Popova
Download or read book The Societal Costs of Inflation and Unemployment written by Olga Popova and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the broad societal implications of inflation and unemployment? Analyzing a dataset of over 1.9 million individuals from 156 countries via the Gallup World Poll spanning 2005 to 2021, alongside macroeconomic data at the national level, we find that both inflation and unemployment have a negative link with confidence in financial institutions. While inflation is generally unassociated with confidence in government and leadership approval, unemployment still has a strong negative association with these outcomes. While we find no gender differences in the consequences of inflation and unemployment for confidence in political and financial institutions, the associations we document are more substantial for the cohorts that are likely to bear a disproportionate burden from inflation and unemployment - the middle-aged, lower-educated, and unmarried individuals, and for those living in rural areas. Uncertainty about the country's economic performance and one's own economic situation are the primary channels behind the associations we identify. These findings hold significant implications for policymakers, Central Banks, and public discourse, necessitating targeted strategies to alleviate the social consequences of inflation and unemployment.
Book Synopsis Inflation and Unemployment by : Graham Dawson
Download or read book Inflation and Unemployment written by Graham Dawson and published by Edward Elgar Publishing. This book was released on 1992 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on economic events and policies in the UK and USA, this text argues against the New Right claim that inflation causes unemployment. The effects of unemployment on unemployed people are investigated and the impact of inflation on the distribution of income and wealth are assessed.
Book Synopsis Inflation Policy and Unemployment Theory by : Edmund S. Phelps
Download or read book Inflation Policy and Unemployment Theory written by Edmund S. Phelps and published by London : Macmillan. This book was released on 1972 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on economic theory and economic policies relevant to unemployment and inflation, proposing a cost benefit analysis approach to optimal monetary policy for the USA - includes economic models. References and statistical tables.
Book Synopsis The Great Inflation by : Michael D. Bordo
Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Book Synopsis The Costs and Benefits of Price Stability by : Martin Feldstein
Download or read book The Costs and Benefits of Price Stability written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-12-01 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confronting the Fed and its counterparts is how to proceed in this newly benign economic environment: Should monetary policy seek to maintain a rate of low-level inflation or eliminate inflation altogether in an effort to attain full price stability? In a seminal article published in 1997, Martin Feldstein developed a framework for calculating the gains in economic welfare that might result from a move from a low level of inflation to full price stability. The present volume extends that analysis, focusing on the likely costs and benefits of achieving price stability not only in the United States, but in Germany, Spain, and the United Kingdom as well. The results show that even small changes in already low inflation rates can have a substantial impact on the economic performance of different countries, and that variations in national tax rules can affect the level of gain from disinflation.
Book Synopsis Inflation and Unemployment by : Victor E. Argy
Download or read book Inflation and Unemployment written by Victor E. Argy and published by Routledge. This book was released on 2016-04-20 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1985 and contributed to by internationally renowned economists, this volume discusses theoretical issues and country-specific experiences to review the underlying causes of the stagflation of the 1970s and early 1980s, as well as summarizing the kinds of macro-policies that were adopted to deal with the stagflation.
Book Synopsis Prices and Quantities by : Arthur M Okun
Download or read book Prices and Quantities written by Arthur M Okun and published by Brookings Institution Press. This book was released on 2011-10-01 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the past decade Arthur M. Okun, like many economists, focused attention on finding ways to fight inflation without sacrificing goals of high employment and prosperity. In recent years the economy has been plagued by stagflation—the simultaneous persistence of high inflation and high unemployment. Traditional methods of aggregate demand management that have been reasonably successful in curing either one or the other of these problems have not been effective, and the nation has not been able to contain inflation even in periods of economic slack. It now seems clear that the economists’ traditional model that presumes short-run flexibility in wages and prices no longer holds for most of the industrial world, and hence the response of inflation to shifts in macroeconomic policy is weak. In this volume Okun seeks to explain that loss of responsiveness by analyzing how modern labor and product markets work and how they are structured. A central feature of Okun’s analysis is implicit contract theory, which recognizes that efficiency-maximizing decisions by business firms reflect long-term considerations as well as short-term changes in markets. His interpretation of microeconomic behavior and macroeconomic performance provides a basis for the design of policies to deal with stagflation.
Book Synopsis The Welfare Cost of Permanent Inflation and Optimal Short-run Economic Policy by : Martin S. Feldstein
Download or read book The Welfare Cost of Permanent Inflation and Optimal Short-run Economic Policy written by Martin S. Feldstein and published by . This book was released on 1977 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Protecting the U.S. Population’s Health Against Potential Economic Recessions and High Unemployment and the Endemic Inflation of Health Care Costs by : Fritz Dufour
Download or read book Protecting the U.S. Population’s Health Against Potential Economic Recessions and High Unemployment and the Endemic Inflation of Health Care Costs written by Fritz Dufour and published by Fritz Dufour. This book was released on 2019-12-15 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book has three main parts: (1) the challenges of the U.S. health care system; (2) the impacts of economic recessions and high unemployment on the U.S. population’s health; and (3) recommendations or a look into what might improve the health care system. Part I, through a dissection of the challenges faced by the U.S. health care system, exposes the particularities and the vulnerabilities of the system. It shows the role played by businesses and employment in the U.S. population’s health and describes major challenges of the health care system such as astronomical health care costs, the average family health spending – which is exceedingly high, wasteful spending, death due to inaccessibility to health care, and the hardships that medical costs created for more than half of Americans. Part II is an analysis as to why do economic recessions have health implications. That analysis is done by considering the health implications of economic recessions both at the micro and macroeconomic levels and by considering the societal costs of uninsurance or inaccessibility to health care due to economic recessions and high unemployment. Part III primarily focuses on what can make the system better, that is more efficient and more cost-effective. Ironically, as Part III argues, there are a myriad of feasible recommendations that are waiting to be fully explored, agreed upon, adopted and implemented nationwide: · Design labor and fiscal policies aimed at preventing economic recessions and high unemployment o Blend labor and fiscal policies into structural reforms · Create job security and take other steps that guarantee health care security during financial hardship · Improve health outcomes through nationwide permanent supportive housing to combat chronic homelessness during economic recessions and high unemployment · Prioritize the use of more cost-effective medical technologies o Promote telemedicine to reduce costs and improve accessibility to health care · Eliminate health disparities thanks to the democratization of health care · Promote health literacy and the valorization of communities · Design policies or procedures that 1) promote health care costs reduction and efficiency through affordable insurance coverage and 2) eliminate Wasteful spending: o Extend drug coverage and implement cost-effective pricing policies o Extend coverage of more medical procedures and implement cost-effective policies On the other hand, Part III also sells the idea of a thorough and bold revolution in our health care system, which would make health care a right of citizenship. It does so by analyzing the political, social, ethical, and economic aspects of the issue. Furthermore, it argues that the relationship between universal health care and economics justifies the notion of “health care as a right of citizenship.”
Book Synopsis Weapons Against Unemployment and Inflation : why Not Minimize the Social Costs? by : Walter W. McMahon
Download or read book Weapons Against Unemployment and Inflation : why Not Minimize the Social Costs? written by Walter W. McMahon and published by . This book was released on 1971 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Inflation, Unemployment, and Poverty by : John Logan Palmer
Download or read book Inflation, Unemployment, and Poverty written by John Logan Palmer and published by Lexington, Mass. : Lexington Books. This book was released on 1973 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study of the relationships between inflation, unemployment and poverty in the USA and the economic policy implications thereof - covers the concept and measurement of inflation, the effects of inflation on income distribution and on the relative cost of living, inflation and income redistribution, the relevant monetary policy and fiscal policy considerations, etc., and considers the implications for further economic research. Bibliography pp. 159 to 165 and references.
Author :Deepak Lal Publisher :Organisation for Economic Co-operation and Development ; [Washington, D.C. : sold by OECD Publications Center] ISBN 13 : Total Pages :88 pages Book Rating :4.3/5 (91 download)
Book Synopsis Unemployment and Wage Inflation in Industrial Economies by : Deepak Lal
Download or read book Unemployment and Wage Inflation in Industrial Economies written by Deepak Lal and published by Organisation for Economic Co-operation and Development ; [Washington, D.C. : sold by OECD Publications Center]. This book was released on 1977 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unemployment and Inflation by : Michael J. Piore
Download or read book Unemployment and Inflation written by Michael J. Piore and published by Routledge. This book was released on 1979 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unemployment and Inflation by : Roger LeRoy Miller
Download or read book Unemployment and Inflation written by Roger LeRoy Miller and published by . This book was released on 1974 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on unemployment and inflation in the USA - presents a supply and demand model to describe the two types of inflation, discusses the role of price expectations in causing fluctuations in unemployment, and considers the economics and theoretics of wages and price controls, etc. Diagrams, graphs and references.
Author :P. N. Junankar Publisher :Luxembourg : Office for Official Publications of the European Communities ISBN 13 : Total Pages :130 pages Book Rating :4.X/5 (1 download)
Book Synopsis Costs of Unemployment by : P. N. Junankar
Download or read book Costs of Unemployment written by P. N. Junankar and published by Luxembourg : Office for Official Publications of the European Communities. This book was released on 1986 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Inflation, Unemployment, and the Market by : Thomas Wilson
Download or read book Inflation, Unemployment, and the Market written by Thomas Wilson and published by Oxford University Press, USA. This book was released on 1984 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Our Overloaded Economy by : Wallace C. Peterson
Download or read book Our Overloaded Economy written by Wallace C. Peterson and published by Routledge. This book was released on 1982 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Wallace Peterson addresses the great economic puzzle of our time: the stubborn persistence of excessive inflation and unemployment. This condition, often described by the unlovely term "stagflation," is symptomatic of deeply rooted ills in the way our system of market capitalism operates. It is not a condition that can be cured by use of conventional economic tools--fiscal and monetary policies. Experience since the mid-1960s shows that such efforts usually make the situation worse. The answer to the problem lies elsewhere"--Book jacket.
