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

by Jordi Galí
RM45.00 MYR
Compare to estimated retail price: RM243.00 MYR  

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

New Keynesian economics: monetary policy analysis.

If you're intrigued by the intricacies of economic theory and its practical implications, Jordi Galí's book offers a deep dive into the New Keynesian framework—a cornerstone of modern central banking and monetary policy design. It provides not only an academic understanding but also sheds light on its relevance to real-world economic stability and fluctuations. Perfect for graduate students and policy researchers alike, this text serves as a valuable resource to grasp the underpinnings of today's inflation-targeting strategies adopted by central banks globally.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

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

by Jordi Galí
RM45.00 MYR
Compare to estimated retail price: RM243.00 MYR  

The item you've got your eye on is secondhand. You probably already know that, but just in case!

The estimated retail price shown next to any listed item represents the first-hand prices we've seen elsewhere, or the estimated original retail price of a comparable item of the same quality, construction and material offered elsewhere in new condition.

Condition guide

Book Condition Guide

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This is a well-read book, which means that the previous owner probably really enjoyed it! The cover and pages may include moderate foxing and annotations, but the text is not obscured and still readable. Moderate cosmetic defects and minor water damage may be present on the edges of the book. For paperbacks, there may be multiple crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

 

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ISBN: 9780691133164
Authors: Jordi Galí
Publisher: Princeton University Press
Date of Publication: 2008-01-01
Format: Hardcover
Related Collections: Economics
Related Topics: Finance, Money
Goodreads rating: 3.94
(rated by 65 readers)

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.
 

New Keynesian economics: monetary policy analysis.

If you're intrigued by the intricacies of economic theory and its practical implications, Jordi Galí's book offers a deep dive into the New Keynesian framework—a cornerstone of modern central banking and monetary policy design. It provides not only an academic understanding but also sheds light on its relevance to real-world economic stability and fluctuations. Perfect for graduate students and policy researchers alike, this text serves as a valuable resource to grasp the underpinnings of today's inflation-targeting strategies adopted by central banks globally.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.