ISBN: 9781400866274

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 mo… Mehr…

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 on monetary policy are addressed, with emphasis on the desirability of inflation-targeting policies. New material includes 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 An Introduction to the New Keynesian Framework and Its Applications - Second Edition Princeton University Press Monetary Policy 9780691133164, 9780691164786 DE,GB,US,ES,IT,FR,MX English Economics, Princeton University Press<

ISBN: 9781400866274

The classic introduction to the New Keynesian economic model This revised second edition of Monetary Policy, Inflation, and the Business Cycle provides a rigorous graduate-level introduct… Mehr…

The classic introduction to the New Keynesian economic model 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 stabilityâ??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 on monetary policy are addressed, with emphasis on the desirability of inflation-targeting policies. New material includes the zero lower bound on nominal interest rates and an analysis of unemploymentâ??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 BUSINESS & ECONOMICS,Money & Monetary Policy, eBooks.com<

ISBN: 9781400866274

Monetary Policy Inflation and the Business Cycle - An Introduction to the New Keynesian Framework and Its Applications - Second Edition: ab 71.99 € eBooks > Wirtschaft Princeton Universit… Mehr…

Monetary Policy Inflation and the Business Cycle - An Introduction to the New Keynesian Framework and Its Applications - Second Edition: ab 71.99 € eBooks > Wirtschaft Princeton University Press eBook als epub, Princeton University Press<

2015, ISBN: 9781400866274

An Introduction to the New Keynesian Framework and Its Applications - Second Edition, eBooks, eBook Download (EPUB), [PU: Princeton University Press], [ED: 2], Princeton University Press,… Mehr…

An Introduction to the New Keynesian Framework and Its Applications - Second Edition, eBooks, eBook Download (EPUB), [PU: Princeton University Press], [ED: 2], Princeton University Press, 2015<

ISBN: 9781400866274

; EPUB; Business,Finance and Law > Economics > Economic theory & philosophy, Egmont UK Ltd