Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework and its applications /
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Princeton University Press,
2015
|
| Ausgabe: | Second edition. |
| Schlagworte: |
| _version_ | 1830923889889247232 |
|---|---|
| author | Galí, Jordi, 1961- |
| author_facet | Galí, Jordi, 1961- |
| author_role | |
| author_sort | Galí, Jordi, 1961- |
| author_variant | j g jg |
| building | CSSSC Library |
| edition | Second edition. |
| format | Book |
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| id | csssc.28066 |
| illustrated | Not Illustrated |
| institution | Centre for Studies in Social Sciences, Calcutta |
| isbn | 9780691164786 (hardback) |
| language | English |
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| physical | xii, 279 pages ; 25 cm |
| publishDate | 2015 |
| publisher | Princeton University Press, |
| record_format | XML |
| spelling | Galí, Jordi, 1961- 4810 Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework and its applications / Jordi Galí. Second edition. Princeton ; Oxford : Princeton University Press, c2015. xii, 279 pages ; 25 cm "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 Galí 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 "-- Provided by publisher. "An introduction to the framework used by central banks for policy analysis"-- Provided by publisher. Monetary policy. 4806 Inflation (Finance) 4811 Business cycles. 2749 Keynesian economics. 4805 BUSINESS & ECONOMICS / Money & Monetary Policy. bisacsh 4812 BUSINESS & ECONOMICS / Finance. bisacsh 4565 BUSINESS & ECONOMICS / Economics / Theory. bisacsh 4813 |
| spellingShingle | Galí, Jordi, 1961- Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework and its applications / Monetary policy. 4806 Inflation (Finance) 4811 Business cycles. 2749 Keynesian economics. 4805 BUSINESS & ECONOMICS / Money & Monetary Policy. bisacsh 4812 BUSINESS & ECONOMICS / Finance. bisacsh 4565 BUSINESS & ECONOMICS / Economics / Theory. bisacsh 4813 |
| title | Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework and its applications / |
| title_auth | Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework and its applications / |
| title_full | Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework and its applications / Jordi Galí. |
| title_fullStr | Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework and its applications / Jordi Galí. |
| title_full_unstemmed | Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework and its applications / Jordi Galí. |
| title_short | Monetary policy, inflation, and the business cycle : |
| title_sort | monetary policy inflation and the business cycle an introduction to the new keynesian framework and its applications |
| title_sub | an introduction to the new Keynesian framework and its applications / |
| topic | Monetary policy. 4806 Inflation (Finance) 4811 Business cycles. 2749 Keynesian economics. 4805 BUSINESS & ECONOMICS / Money & Monetary Policy. bisacsh 4812 BUSINESS & ECONOMICS / Finance. bisacsh 4565 BUSINESS & ECONOMICS / Economics / Theory. bisacsh 4813 |
| topic_facet | Monetary policy. Inflation (Finance) Business cycles. Keynesian economics. BUSINESS & ECONOMICS / Money & Monetary Policy. BUSINESS & ECONOMICS / Finance. BUSINESS & ECONOMICS / Economics / Theory. |
| work_keys_str_mv | AT galijordi monetarypolicyinflationandthebusinesscycleanintroductiontothenewkeynesianframeworkanditsapplications |