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Monetary Policy, Inflation, and the Business Cycle An Introduction to the New Keynesian Framework

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ISBN-10: 0691133166

ISBN-13: 9780691133164

Edition: 2008

Authors: Jordi Gal�, Jordi Gal�

List price: $67.50
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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 Galiacute; explores…    
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Book details

List price: $67.50
Copyright year: 2008
Publisher: Princeton University Press
Publication date: 3/2/2008
Binding: Hardcover
Pages: 224
Size: 6.25" wide x 9.50" long x 1.00" tall
Weight: 1.034
Language: English

Jordi Gal� is Director of CREI, Professor at Universitat Pompeu Fabra, and Research Professorat Barcelona Graduate School of Economics. He is the author of Monetary Policy, Inflation,and the Business Cycle: An Introduction to the New Keynesian Framework.

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