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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

Unemployment --- Capital market --- Equilibrium (Economics) --- Rational expectations (Economic theory) --- Econometric models --- Effect of monetary policy on --- AA / International- internationaal --- 330.3 --- 331.01 --- 331.062 --- 331.31 --- 332.620 --- 333.846.2 --- 333.846.4 --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics. --- Evolutie van de economische cycli. --- Anticyclisch beleid. Rational expectations. --- Economisch beleid. --- Werkloosheid: algemeenheden. Philipscurve. --- Verband tussen de geld-, bank- en kredietpolitiek en de prijzen. --- Verband tussen de geld-, bank- en kredietpolitiek en de productie en werkgelegenheid. --- Capital market. --- Econometric models. --- Effect of monetary policy on. --- -Unemployment --- -Capital market --- -Equilibrium (Economics) --- -Rational expectations (Economic theory) --- -331.137 --- Expectations, Rational (Economic theory) --- Economic forecasting --- Time and economic reactions --- Uncertainty --- Disequilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- Economics --- Stagnation (Economics) --- Statics and dynamics (Social sciences) --- Capital markets --- Market, Capital --- Finance --- Financial institutions --- Loans --- Money market --- Securities --- Crowding out (Economics) --- Efficient market theory --- Joblessness --- Employment (Economic theory) --- Full employment policies --- Labor supply --- Manpower policy --- Right to labor --- Underemployment --- -Electronic information resources --- Electronic information resources --- E-books --- Equilibrium (Economics). --- Rational expectations (Economic theory). --- Monetary policy --- DGE (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- SDGE (Economic theory) --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics --- Evolutie van de economische cycli --- Anticyclisch beleid. Rational expectations --- Economisch beleid --- Werkloosheid: algemeenheden. Philipscurve --- Verband tussen de geld-, bank- en kredietpolitiek en de prijzen --- Verband tussen de geld-, bank- en kredietpolitiek en de productie en werkgelegenheid --- Unemployment - Econometric models --- Unemployment - Effect of monetary policy on