| 000 | 02536 a2200277 4500 | ||
|---|---|---|---|
| 003 | OSt | ||
| 005 | 20250618151641.0 | ||
| 008 | 230420b xxu||||| |||| 00| 0 eng d | ||
| 020 | _a9780691164786 | ||
| 040 | _cIIT Kanpur | ||
| 041 | _aeng | ||
| 082 |
_a339.53 _bG133m2 |
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| 100 | _aGalí, Jordi, 1961- | ||
| 245 |
_aMonetary policy, inflation, and the business cycle _bintroduction to the new Keynesian framework and its applications _cJordi Galí |
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| 250 | _a2nd ed. | ||
| 260 |
_bPrinceton University Press _c2015 _aPrinceton |
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| 300 | _axii, 279 p. | ||
| 500 | _aIncludes bibliographical references and index. | ||
| 520 | _a "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. "An introduction to the framework used by central banks for policy analysis"-- Provided by publisher. | ||
| 650 | _aMonetary policy | ||
| 650 | _aBusiness cycles | ||
| 650 | _aInflation (Finance) | ||
| 650 | _aKeynesian economics | ||
| 653 | _aBusiness & economics--Money--Finance--Economics | ||
| 942 | _cBK | ||
| 999 |
_c566407 _d566407 |
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