Monetary policy in a world of knowledge-based growth, quality change, and uncertain measurement /
edited by Kunio Okina and Tetsuya Inoue.
Houndmills, Basingstoke, Hampshire ; New York : Palgrave, 2001.
xxvi, 443 p. : ill.
More Details
Houndmills, Basingstoke, Hampshire ; New York : Palgrave, 2001.
general note
Papers presented at the eighth international conference on the theme 'Monetary policy in a world of knowledge-based growth, quality change, and uncertain measurement' on 18-19 June 1998, held by the Institute for Monetary and Economic Studies, the Bank of Japan.
catalogue key
Includes bibliographical references and index.
A Look Inside
Description for Bookstore
As the development of the knowledge economy gathers speed, the fundamental structure of the global economy is undergoing drastic changes in the movement from tangible goods to a virtual output. At the same time, growing uncertainty in the stability of the markets has made monetary policy more difficult. The contributors to this book discuss the implication of our industrial past, the characteristics of information goods and their impact, the mis-measurement of price, the impact of current innovation on economic growth and the labor market, and optimal monetary policy in such circumstances. Leading economists contribute their ideas to the debate surrounding policy-making for the knowledge economy.
Table of Contents
Monetary Policy and the Quality of Information
Information Technology and Monetary Policy
An Overview and Case Study of Development of Knowledge-Based Economy
Waiting for the Information Technology Revolution?
Markets for Information Goods
Effects of the Developments of Knowledge-based Economy on Asset Price Movements: Theory and Evidence in Japanese Stock Market
The Productivity Paradox and Mismeasurement Problems
An Explanation of the Productivity Paradox: TFP Spillover through Capital Accumulation
The Productivity Paradox and Mismeasurement of Economic Activity
Implications of Knowledge-Based Economy on Economic Growth and Labor Market
Whatever Happened to Productivity Investment and Growth in the G-7?
The Japanese Economy in a World of Knowledge-based Growth
Wage and Job Trends in the U.S. Labor Market: An Assessment
Monetary Policy Under Irreversible Trend of Knowledge-Based Economy
Monetary Policy in the Age of Information Technology
Monetary Policy in a Changing Economy: Indicators, Rules, and the Shift Towards Intangible Output
Concluding Session
Information Technology and the Financial Environment of Central Banking: Summary Comments
Background Paper
Impact of Information Technology and Implications for Monetary Policy
Table of Contents provided by Publisher. All Rights Reserved.

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