eTextbook: Monetary Policy, Inflation, and the Business Cycle

Book Jacket Image

List Price 1: $67.50

Rent for 6 months *$27.00

* 6 months - expires 10/16/14
You save $40.50

Prices do not include sales tax, which may apply.

List Price 1: $67.50

eTextbook Purchase: $54.00

You save $13.50

Are you a school looking to buy multiple copies of this book?

  • Free Book Promotion

    For a limited time, this book is eligible for free.

    Click here to redeem the Facebook Offer

    Author(s): Galí, Jordi

    ISBN 10: 0691133166. See all ISBN's

    ISBN 13: 9780691133164

    Edition:

    Publisher: Princeton University Press

    This is an eTextbook Learn More

    Description:

    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 Galí 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

    All ISBN's for this title:

    ISBN 10: 0691133166, ISBN 13: 9780691133164, eISBN 10: 1400829348, eISBN 13: 9781400829347

    1. List price can refer to either the digital or print list price, whichever is available to Kno.
  • Cool Product Features

    Kno In Action

    Search

    Journal

    Flashcards

    Kno Me

    Smart Links