POST KEYNESIAN RESPONSE AGAINST NEOLIBERAL POLICES IN FULL EMPLOYMENT AND PRICE STABILITY CONTEXT: EMPLOYER OF LAST RESORT (ELR)

2009 ◽  
Vol 20 (70) ◽  
pp. 61
Author(s):  
Sayim ISIK
Keyword(s):  
Full Employment ◽  
Price Stability ◽  
Employer Of Last Resort

Towards Full Employment and Price Stability.

1978 ◽  
Vol 10 (3) ◽  
pp. 396
Author(s):  
Donald R. Hodgman ◽  
Paul McCracken ◽  
Guido Carli ◽  
Herbert Giersch ◽  
Attila Karaosmanoglu ◽  
...  
Keyword(s):  
Full Employment ◽  
Price Stability

scholarly journals Albania's Monetary Policy and the Basic Indicators that Effect the Economic Growth

2019 ◽  
Vol 2 (2) ◽  
pp. 51
Author(s):  
Bernard Balla
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rates ◽  
Inflation Targeting ◽  
Inflation Rate ◽  
Full Employment ◽  
Price Stability ◽  
Macroeconomic Policies ◽  
Consumer Prices

Macroeconomic policies aim to stabilize the economy by achieving their goal of price stability, full employment and economic growth. Price stability is the responsibility of macroeconomic policies that are developed to maintain a low inflation rate, contribute to the solidity of the domestic product and maintain an exchange rate that can be predictable. The purpose of this paper is to analyze Albania's monetary policy by highlighting the main indicators that can be used as a measurement of the efficiency of this policy in the economic development. The literature review shows that there are many attitudes regarding the factors that need to be taken into consideration when analyzing monetary policies, including the elements of fiscal policies. In the Albanian economy, the prices and the level of inflation are the most important aspects. The Bank of Albania uses the inflation targeting regime, considering that the main indicator of inflationary pressures in the economy is the deviation of inflation forecasted in the medium term by its target level. In numerical terms, the bank intends to maintain its annual growth in consumer prices at the level of 3%. According to the latest reports published by the Bank of Albania in 2019, monetary policy continues to contribute positively to a financial environment with a low interest rate and an annual inflation rate of 2%. Although the inflation rate hit the lowest value of 1.8 % in 2018, a balanced rate was achieved through the reduction of interest rates and risk premiums in financial markets and, more recently, through the tightening of the exchange rate. These monetary conditions are appropriate to support the growth of domestic demand and the strengthening of inflationary pressures.

scholarly journals Unemployment, Inflation and « Guest Workers »: Comparative Study of Three European Countries

2005 ◽  
Vol 37 (4) ◽  
pp. 739-764
Author(s):  
Adolf Sturmthal
Keyword(s):  
Comparative Study ◽  
Social Contract ◽  
Full Employment ◽  
West Germany ◽  
European Countries ◽  
Price Stability ◽  
Guest Workers

An attempt is made here to show the conditions under which Austria, West Germany and Sweden have come closer than other countries in attaining the double objective of full employment and price stability. Answers appear to lie in the direction of Gross Domes tic Product and the idea of a "Social Contract".

Istisna’a based monetary policy and its effectiveness in achieving full employment and price stability

2020 ◽  
Vol 13 (4) ◽  
pp. 707-726
Author(s):  
Mohammad Selim
Keyword(s):  
Monetary Policy ◽  
Labor Productivity ◽  
Full Employment ◽  
Manufacturing Sector ◽  
Value Added ◽  
High Growth ◽  
Price Stability ◽  
Theoretical Ground ◽  
Content Type ◽  
The Impact

Purpose This paper aims to explore Istisna’a as a tool of monetary policy (MP) and examines its effectiveness in achieving full employment income and price stability. Design/methodology/approach This paper uses Istisna’a as a tool of MP and examines its effects on key macroeconomic variables on purely theoretical ground. The effectiveness and the impact of Istisna’a-based MP is examined by using aggregate output and aggregate expenditure model, embedded with Islamic economic principles, including zakat function. Findings Istisna’a-based MP immediately creates well paid jobs, positively contributes and expands the size of the manufacturing sector, increases capital per person employed, labor productivity and thus increases output, employment and promotes industrialization. Increase in the size of manufacturing sector will not only increase manufactured value-added exports but also cut high valued manufactured imports and thus increases positive trade balance and eventually reduces trade deficits. Increase in labor productivity will improve the standard of living, and eventually the economy will yield sustainable high growth rates, full employment and prosperity. Originality/value This is probably one of the first attempt to systematically develop the Istisna’a-based MP with detailed MP transmission mechanism. This new contribution in the field of Islamic MP will unveil the horizon of sustainable economic growth, creation of well paid jobs, expansion of manufacturing sector, rapid industrialization and the increase in capital per person employed across the economy, and eventually Istisna’a-based MP will be one of the most effective tool of MP for transforming an economy into a relatively higher and sophisticated stages which will eventually promote sustainable development.

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