Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework

Başlık:

Yazar:

Galâi, Jordi, 1961-

ISBN:

9780691133164

Ek Yazar:

Galâi, Jordi, 1961-

Yayım Bilgisi:

Princeton, N.J. : Princeton University Press, c2008.

Fiziksel Tanım:

xi, 203 p. : ill. ; 24 cm.

Contents:

Introduction -- A classical monetary model -- The basic new Keynesian model -- Monetary policy design in the basic new Keynesian model -- Monetary policy tradeoffs: discretion versus commitment -- A model with sticky wages and prices -- Monetary policy and the open economy -- Main lessons and some extensions.

Konu Terimleri:

Para politikası.

Enflasyon (Finans)

Konjonktür dalgaları.

Electronic Access:

Table of contents only http://catdir.loc.gov/catdir/toc/ecip083/2007044381.html
Table of contents http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&doc_number=016332744&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
Inhaltsverzeichnis http://swbplus.bsz-bw.de/bsz278346626inh.htm

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Library	Materyal Türü	Barkod	Yer Numarası	Durum
Searching... Pamukkale Merkez Kütüphanesi	Kitap	0060707	HG230.3G35 2008	Searching... Unknown

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Özet

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 case, the implications for monetary policy are addressed, with a special emphasis on the desirability of inflation targeting policies.

The most up-to-date and accessible introduction to the New Keynesian framework available Uses a single benchmark model throughout Concise and easy to use Includes exercises An ideal resource for graduate students, researchers, and market analysts

Author Notes

Jordi Galí is director and senior researcher at the Center for Research in International Economics (CREI) and professor of economics at Universitat Pompeu Fabra in Barcelona.

Preface	p. ix
1 Introduction	p. 1
2 A Classical Monetary Model	p. 15
3 The Basic New Keynesian Model	p. 41
4 Monetary Policy Design in the Basic New Keynesian Model	p. 71
5 Monetary Policy Tradeoffs: Discretion versus Commitment	p. 95
6 A Model with Sticky Wages and Prices	p. 119
7 Monetary Policy and the Open Economy	p. 149
8 Main Lessons and Some Extensions	p. 185
Index	p. 195

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Table of Contents