"Papers presented at a conference hosted by the Economics Dept. and the Centre for Economic Policy Analysis of the New School University held from Nov. 22-23, 2002."_T.p verso.

Formerly CIP. Uk

Includes bibliographical references and index.

Machine derived contents note: Table of Contents: -- "Monetary Policy and Unemployment: -- U.S., Euro-area and Japan" -- Proceedings of a Conference in Honor of James Tobin -- Part I. Overview: Unemployment and Monetary Policy in the -- Three Currency Areas -- 1. Willi Semmler, Introduction -- 2. Olivier Blanchard (MIT), "Monetary Policy and Unemployment" -- 3. Edmund Phelps (Columbia University), "Some Notes on Monetary Policy -- and Unemployment" -- 4. Hiroshi Yoshikawa, (University of Tokyo), "The Long Stagnation and of the -- Japanese Economy in the 1990s and Macroeconomic Policies" -- Part II: Labor Market Institutions and Unemployment -- 5. Olivier Blanchard (MIT) and Justin Wolfers (Stanford University), "The Role of -- Shocks and Institutions in the Rise of European Unemployment: The -- Aggregate Evidence. -- 6. David Howell (New School University), "Labor Market Institutions and -- European Unemployment: A Comment on Blanchard and Wolfers." -- 7. Alistair Dieppe (European Central Bank), Jerome Henry (European Central -- Bank, Frankfurt) and Peter McAdam (European Central Bank), "The Labour -- Market Dynamics in the Euro Area: A Model-Based Sensitivity Analysis." -- Part III: Structuralist Causes of Unemploment and Monetary Policy -- 8. Edmund Phelps (Columbia University), Hian Teck Hoon (Singapore -- Management University) and Gylfi Zoega (Birkbeck College). "The Structuralist -- Perspective on Real Exchange Rates, Share Price Level and Employment -- Paths: What Room is Left for Money?." -- 9. Masanao Aoki (UCLA), H. Yoshikawa (University of Tokyo), and Toshihiro -- Shimizu (Kanagawa University), "The Long Stagnation and Monetary -- Policy in Japan: A Theoretical Explanation." -- 10. Peter Flaschel (Bielefeld University), Gang Gong (Tsinghua University and -- CEM, Bielefeld University) and Willi Semmler (New School University and -- CEM, Bielefeld), "Monetary Policy, the Labor Market and Pegged Exchange -- Rates: A Study of the German Economy." -- Part IV: Monetary Policy Rules, Fiscal Policy and Unemployment -- 11. Charles Goodhart (Financial Market Group, London School of -- Economics), "The Constitutional Position of the Central Bank." -- 12. Athanasios Orphanides (Federal Reserve Board, Washington, DC), -- "Activist Stabilization Policy and Inflation: The Taylor Rule in Action." -- 13. Antonio Moreno (Columbia University), The Fed`s Monetary Policy Rule: Past, -- Present, and Future," -- 14. Marco Buti (European Commission, Brussels), and Paul Van den Noord -- (OECD), "Tax Reform: Stabilization and Incentive Effects."

"Written in the spirit of the long time Yale Professor, James Tobin, who has held the view that monetary policy is not neutral, this volume provides an analysis of the different economic performances exhibited by the USA, the Euro-area, and Japan in the last decade. Through addressing the potential role monetary policy has on economic growth and unemployment, this book also discusses the new policy rules that, perhaps, should have been and should be used in the future to improve the economic performance of the three regions." "This book will be of great interest to both undergraduate and graduate economic students, academics, and practitioners."--BOOK JACKET.