Title
Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework,New
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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 mediumscale models under development at major central banks and international policy institutions, and provides the theoretical underpinnings of the inflation stabilityoriented strategies adopted by most central banks throughout the industrialized world. This graduatelevel 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 costpush shocks, nominal wage rigidities, and open economy factors. In each
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Frequently Asked Questions
- Q: What is the main focus of 'Monetary Policy, Inflation, and the Business Cycle'? A: The book primarily focuses on the New Keynesian framework, analyzing its implications for monetary policy, inflation, economic fluctuations, and welfare.
- Q: Who is the author of this textbook? A: The author of the textbook is Jordi Galí, a well-known economist recognized for his work on monetary policy.
- Q: What type of binding does this book have? A: This book is available in hardcover binding, which provides durability and a professional appearance.
- Q: How many pages does this book contain? A: The textbook contains a total of 224 pages.
- Q: Is this book suitable for beginners in economics? A: This book is designed for graduate-level students, so it is best suited for those who have some prior knowledge of economics.
- Q: What are some key topics covered in the book? A: Key topics include the design of monetary policy, optimal monetary policy determination, simple policy rules, cost-push shocks, nominal wage rigidities, and open economy factors.
- Q: When was 'Monetary Policy, Inflation, and the Business Cycle' published? A: The book was published on March 2, 2008.
- Q: What condition is this used book in? A: This used book is in very good condition, indicating it has been well-maintained.
- Q: What category does this book fall under? A: The book is categorized under Economic Policy & Development.
- Q: Can this book help in understanding current monetary policies? A: Yes, the book provides a foundational understanding of the New Keynesian framework, which is relevant to contemporary monetary policy discussions.