Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework He analyzes several extensions of the baseline model, allowing for cost-push shocks, nominal wage rigidities, and open economy factors. It is the backbone of the new generation of medium-scale models
Book Online
| Title | : | Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework |
| Author | : | |
| Rating | : | 4.81 (827 Votes) |
| Asin | : | 0691133166 |
| Format Type | : | Hardcover |
| Number of Pages | : | 224 Pages |
| Publish Date | : | 2008-03-02 |
| Genre | : |
The New Keynesian framework has emerged as the workhorse for the analysis of monetary policy and its implications for inflation, economic fluctuations, and welfare. It is the backbone of the new generation of medium-scale models under development at major central banks and international policy institutions, and provides the theoretical underpinnings of the inflation stability-oriented strategies adopted by most central banks throughout the industrialized world. This graduate-level textbook provides an introduction to the New Keynesian framework and its applications to monetary policy. Using a canonical version of the New Keynesian model as a reference framework, Jordi Galí explores issues pertaining to the design of monetary policy, including the determination of the 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 ca
Editorial : "With this book, magician Galí has pulled another important rabbit out of his hat. The book will help to increase the popularity of the New Keynesian model with graduate students, tomorrow's policymakers, and today's policymakers alike. Therefore, it can be considered a real grassroots initiative."--Christian Merkl, Journal of Economics
Money lovers, read this book. In earnest, these are mistakes that almost every eBay seller has touched upon at one time or another, and yet it is Holden's gentle nudging that makes his words effective.
Finally, he presents a number of valuable Web sites to visit. I liked his willingness to see outside the box and go with his gut. Though dreadfully expensive, this is a book worth having as a resource for anyone who is serious about understanding the new science of eating disorders. As sad as Kenney's story ultimately is, I still found myself laughing at the memories of Lampoon stories. As this is a history, I suppose that is unavoidable, but the author is unashamedly opinionated. It contains many reports of people who say they have seen Thylacines in a range of areas around Australia. Excellent material, well presented in a readable and helpful manner.. Nygard
Former eBay Platinum PowerSeller. Don't hesitate.. Your book covered every aspect of the interview process in an
No comments:
Post a Comment