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Autor(en): 
  • Jordi Gali
  • Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework 
     

    (Buch)
    Dieser Artikel gilt, aufgrund seiner Grösse, beim Versand als 3 Artikel!


    Übersicht
     
    Lieferstatus:   i.d.R. innert 4-7 Tagen versandfertig
    Veröffentlichung:  2017  
    Genre:  Wirtschaft / Recht 
    ISBN:  9780691164786 
    EAN-Code: 
    9780691164786 
    Verlag:  Princeton Univers. Press 
    Einband:  Gebunden  
    Sprache:  English  
    Dimensionen:  H 246 mm / B 164 mm / D 27 mm 
    Gewicht:  555 gr 
    Seiten:  296 
    Illustration:  14 line illus., 4 tables. 
    Bewertung: Titel bewerten / Meinung schreiben
    Inhalt:
    This revised second edition of Monetary Policy, Inflation, and the Business Cycle provides a rigorous graduate-level introduction to the New Keynesian framework and its applications to monetary policy. The New Keynesian framework is the workhorse for the analysis of monetary policy and its implications for inflation, economic fluctuations, and welfare. A backbone of the new generation of medium-scale models under development at major central banks and international policy institutions, the framework provides the theoretical underpinnings for the price stability-oriented strategies adopted by most central banks in the industrialized world. Using a canonical version of the New Keynesian model as a reference, Jordi Gali explores various issues pertaining to monetary policy's design, including optimal monetary policy and the desirability of simple policy rules. He analyzes several extensions of the baseline model, allowing for cost-push shocks, nominal wage rigidities, and open economy factors. In each case, the effects for monetary policy are addressed, with emphasis on the desirability of inflation-targeting policies. New material includes labor and financial market frictions, the zero lower bound on nominal interest rates, and an analysis of unemployment's significance for monetary policy. The most up-to-date introduction to the New Keynesian framework available A single benchmark model used throughout New materials and exercises included An ideal resource for graduate students, researchers, and market analysts

      
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