Monetary Policy, Inflation, and the Business Cycle pdf epub mobi txt 电子书下载 2025

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出版者:Princeton University Press

作者:Jordi Gali

出品人:

页数:224

译者:

出版时间:2008-2-11

价格:USD 67.50

装帧:Hardcover

isbn号码:9780691133164

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图书标签:

经济学
宏观经济学
Macroeconomics
经济
教材
货币
数学
NewKeynesian_Macro

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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 Gal explores issues pertaining to the design of monetary policy, including the determination of the 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 implications for monetary policy are addressed, with a special emphasis on the desirability of inflation targeting policies. The most up-to-date and accessible introduction to the New Keynesian framework available Uses a single benchmark model throughout Concise and easy to use Includes exercises An ideal resource for graduate students, researchers, and market analysts