This manifesto challenges a pernicious orthodoxy that has gripped Europe's policy makers. It is that demand- and supply-side policies must have different aims, that a limited number of supply-side policies are to be devoted to fighting unemployment, and that demand management (and particularly...

Inflation, Unemployment, and Monetary Policy -- Contents -- Introduction -- Inflation, Unemployment, and Monetary Policy -- How Cautious Must the Fed Be? -- Monetary Policy Guidelines for Employment and Inflation Stability -- Comments -- Responses -- Rejoinder -- Contributors -- Notes --...

This manifesto challenges a pernicious orthodoxy that has gripped Europe's policy makers. It is that demand- and supply-side policies must have different aims, that a limited number of supply-side policies are to be devoted to fighting unemployment, and that demand management (and particularly...