Unemployment Fluctuations and Stabilization Policies
A New Keynesian Perspective
The past fifteen years have witnessed the rise of the New Keynesian model as a framework of reference for the analysis of fluctuations and stabilization policies. That framework, which combines the rigor and internal consistency of dynamic general equilibrium models with such typically Keynesian assumptions as monopolistic competition and nominal rigidities, makes possible a meaningful, welfare-based analysis of the effects of monetary policy rules. But the conspicuous absence of unemployment from the standard New Keynesian model has given rise to both criticism and attempts to rectify this anomaly. In this book, Jordi Galí, one of the major…
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Produktdetails
- ISBN: 978-0-262-01597-4
- EAN: 9780262015974
- Produktnummer: 11350425
- Verlag: MIT Press Ltd
- Sprache: Englisch
- Erscheinungsjahr: 2011
- Seitenangabe: 120 S.
- Masse: H23.7 cm x B15.6 cm x D1.5 cm 334 g
- Abbildungen: 25 figures, 6 tables; 31 Illustrations, unspecified
- Gewicht: 334
- Sonstiges: Professional & Vocational
Über den Autor
Jordi Galí is Director of CREI, Professor at Universitat Pompeu Fabra, and Research Professor at Barcelona Graduate School of Economics. He is the author of Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework.
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