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Defensive Expectations: Reinventing the Phillips Curve as a Policy Mix
US $27.69
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Condition:
“h”
Very good
A book that does not look new and has been read but is in excellent condition. No obvious damage to the cover, with the dust jacket (if applicable) included for hard covers. No missing or damaged pages, no creases or tears, and no underlining/highlighting of text or writing in the margins. May be very minimal identifying marks on the inside cover. Very minimal wear and tear. See the seller’s listing for full details and description of any imperfections.
- Buy It NowDefensive Expectations: Reinventing the Phillips Curve as a Policy Mix
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Postage:
US $5.00 (approx. AU $7.69) Standard Shipping.
Located in: Millsboro, Delaware, United States
Delivery:
Estimated between Mon, 11 Aug and Thu, 14 Aug to 94104
Returns:
14-day returns. Buyer pays for return postage. If you use an eBay postage label, it will be deducted from your refund amount.
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eBay item number:177160192262
Item specifics
- Condition
- Very good
- Seller notes
- “h”
- ISBN
- 9783030550448
About this product
Product Identifiers
Publisher
Springer International Publishing A&G
ISBN-10
3030550443
ISBN-13
9783030550448
eBay Product ID (ePID)
6050412107
Product Key Features
Book Title
Defensive Expectations-Reinventing the Phillips Curve As a Policy Mix
Number of Pages
Xxvii, 196 Pages
Language
English
Topic
Finance / General, Economics / Macroeconomics, Public Policy / Economic Policy, Money & Monetary Policy
Publication Year
2020
Illustrator
Yes
Genre
Political Science, Business & Economics
Format
Hardcover
Dimensions
Item Weight
16 Oz
Item Length
8.3 in
Item Width
5.8 in
Additional Product Features
Dewey Edition
23
Number of Volumes
1 vol.
Dewey Decimal
332.414
Table Of Content
1. The Phillips Curve: what went wrong.- 2. An alternative theory of consumption.- 3. The post-crisis Phillips Curve: cumulative wage gap vs. inflation gap.- 4. Empirical evidence.- 5. Policy implications.
Synopsis
This book explains why inflation remains subdued after recessions, based on three revolutionary concepts: defensive expectations, compensatory savings, and cumulative wage gap. When income falls, consumption falls, and savings rise, as people rebuild their past wealth. Households will not spend more until they fully recover what they lost. The revised Phillips Curve explains that current inflation depends on the cumulative difference between current income and past income. This new theory is tested and validated by data for US since 1960 to date and for 35 OECD countries from 1990 to date. A number of policy implications are derived from these results. The book calls for an optimal policy mix between monetary policy and fiscal policy; it also discusses the coronavirus crisis as an extreme case of defensive expectations., 1. The Phillips Curve: what went wrong.- 2. An alternative theory of consumption.- 3. The post-crisis Phillips Curve: cumulative wage gap vs. inflation gap.- 4. Empirical evidence.- 5. Policy implications.
LC Classification Number
HB172.5
Item description from the seller
Seller feedback (12,244)
- b***r (958)- Feedback left by buyer.Past 6 monthsVerified purchaseThe item arrived quickly... it was new as described by the seller, however the photo showed it with a slipcover and it did not arrive with on. The seller was glad to accept a return and refund me the total. I would definitely do business with them again in the future.
- r***e (665)- Feedback left by buyer.Past 6 monthsVerified purchasePrompt shipment, and the book arrived quickly. Better packaging materials could have been used, as it was shipped in a poly mailer sealed tight with zero padding to protect again bumps/damage, but the book arrived in acceptable condition. The description was vague, and it's not worth trying to send back. I'll still keep/use the books as is. Thanks.Seeing Things John's Way: The Rhetoric of the Book of Revelation (#186900309708)
- k***6 (2)- Feedback left by buyer.Past 6 monthsVerified purchaseItem arrived in perfect condition. Seller shipped it out fast and it was delivered within the week (in the United States). It was very well packaged and worth the money. Would 100% recommend this seller!
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Seller feedback (12,244)
- b***r (958)- Feedback left by buyer.Past 6 monthsVerified purchaseThe item arrived quickly... it was new as described by the seller, however the photo showed it with a slipcover and it did not arrive with on. The seller was glad to accept a return and refund me the total. I would definitely do business with them again in the future.
- r***e (665)- Feedback left by buyer.Past 6 monthsVerified purchasePrompt shipment, and the book arrived quickly. Better packaging materials could have been used, as it was shipped in a poly mailer sealed tight with zero padding to protect again bumps/damage, but the book arrived in acceptable condition. The description was vague, and it's not worth trying to send back. I'll still keep/use the books as is. Thanks.Seeing Things John's Way: The Rhetoric of the Book of Revelation (#186900309708)
- k***6 (2)- Feedback left by buyer.Past 6 monthsVerified purchaseItem arrived in perfect condition. Seller shipped it out fast and it was delivered within the week (in the United States). It was very well packaged and worth the money. Would 100% recommend this seller!