Leseprobe
* Affiliatelinks/Werbelinks
Links auf reinlesen.de sind sogenannte Affiliate-Links. Wenn du auf so einen Affiliate-Link klickst und über diesen Link einkaufst, bekommt reinlesen.de von dem betreffenden Online-Shop oder Anbieter eine Provision. Für dich verändert sich der Preis nicht.
Monetary Policy, Inflation, and the Business Cycle
Jordi Galí
* Affiliatelinks/Werbelinks
Links auf reinlesen.de sind sogenannte Affiliate-Links. Wenn du auf so einen Affiliate-Link klickst und über diesen Link einkaufst, bekommt reinlesen.de von dem betreffenden Online-Shop oder Anbieter eine Provision. Für dich verändert sich der Preis nicht.
Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft
Beschreibung
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 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
Kundenbewertungen
Technology shock, Subsidy, Elasticity of substitution, Real interest rate, Monetary authority, New Keynesian economics, Markup (business), Relative price, Economics, Supply and demand, Inflation, Central bank, Monopolistic competition, Price fixing, Budget constraint, Loss function, Utility, Nominal rigidity, Nominal interest rate, Federal funds rate, Market economy, Money supply, Trade-off, Economic equilibrium, Inflation targeting, Phillips curve, Supply shock, Keynesian economics, Price adjustment (retail), Currency, Expenditure, Output gap, Labor demand, Marginal rate of substitution, Unemployment, Marginal product of labor, Market liquidity, Quantity, Real wages, Employment, Marginal cost, Consumer, Monetary Theory, Productivity, Demand curve, Technology, Market clearing, Wage, Pricing, Price, Economy, Household, Market power, Monetary policy, Interest rate, Taylor rule, Supply (economics), Aggregate demand, Price index, Indexation, Production function, Small open economy, Macroeconomics, Autocorrelation, Stochastic discount factor, Value (economics), Inflationary bias, Zero lower bound, Price level, Interest