Monetary Policy, Inflation, and the Business Cycle
An Introduction to the New Keynesian Framework and Its Applications - Second Edition
Buch
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ISBN-13:
9780691164786
Veröffentl:
2015
Einband:
Buch
Erscheinungsdatum:
09.06.2015
Seiten:
296
Autor:
Jordi Galí
Gewicht:
555 g
Format:
246x164x27 mm
Sprache:
Englisch
Beschreibung:
"This excellent book has already become a classic reference for economists who want to study the basic New Keynesian model. This update contains important extensions such as the impact of the zero lower bound on interest rates and an explicit treatment of unemployment. The book's clear and unified exposition shows why the New Keynesian model is likely to remain a workhorse model for understanding monetary policy for a long time to come."--Frank Smets, European Central Bank
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 welf