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Clasificación LC   HG230.3
G35 2015
Acervo   Todos los ejemplares
ISBN   Link9780691164786 (hardback)
Autor   LinkGalí, Jordi, 1961-
Título   LinkMonetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework and its applications / Jordi Galí.
Edición   Second edition.
Pie de Imprenta   Princeton ; Oxford : Princeton University Press, ©2015.
Descr. Física   xii, 279 pages :  illustrations ;  25 cm.
Bibliografía   Includes bibliographical references and index.
Resumen   "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.
Tema   LinkMonetary policy
  LinkInflation (Finance)
  LinkBusiness cycles
  LinkKeynesian economics
Acceso Reg. Similar   Disponible en otra edición: 2008 edition
Acceso Reg. Similar   Disponible en otra versión: documento en papel
 
Ubicación   HG230.3 G35 2015Library Info
Enlace Directo   https://aleph.cide.edu:443/F/?func=direct&doc_number=000175958&local_base=CATALOGO_CIDE

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