Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework
| Author | : | |
| Rating | : | 4.32 (677 Votes) |
| Asin | : | 0691133166 |
| Format Type | : | paperback |
| Number of Pages | : | 224 Pages |
| Publish Date | : | 2016-11-14 |
| Language | : | English |
DESCRIPTION:
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 . He analyzes several extensions of the baseline model, allowing for cost-push shocks, nominal wage rigidities, and op
Jordi Gali is director and senior researcher at the Center for Research in International Economics (CREI) and professor of economics at Universitat Pompeu Fabra in Barcelona.
Therefore, it can be considered a real grassroots initiative."--Christian Merkl, Journal of Economics. The book will help to increase the popularity of the New Keynesian model with graduate students, tomorrow's policymakers, and today's policymakers alike. "With this book, magician Galí has pulled another important rabbit out of his hat
Heraclitus Junior said Not bad.. This is a good book as an introduction to the basics of New Keynsian DSGE models. Overall, it's a pretty good read, however it does have its flaws. The first one is that the book can be far too terse at times. Critical parts of the mathematical analysis are left out of the book. For example, you will not learn how to solve a DSGE model by reading this book. Nor will you learn how to estimate a DSGE model. You will not learn how to simulate a DSGE model by reading. Gali's book Psa The book is a good piece of new-keynesian modeling writen by one of the main contributors for this area. It is very updated and it refers to the literature in a very accurate and interesting way. The material is quite mathematical and it can a bit hard to follow for people who had never had some calculus.. Too bare bones This book is extremely sparse. The basic new-Keynesian model as well as a few extensions are covered in just 22Too bare bones Jyotirmoy Bhattacharya This book is extremely sparse. The basic new-Keynesian model as well as a few extensions are covered in just 224 small pages. Galí achieves this by giving very little space to either economic motivation and context or mathematical foundations. Rather, the models are presented more or less as streams of calculations. A reader who does not simultaneously refer to more detailed sources like Woodford's Interest and Prices is likely to come away with only a sup. small pages. Galí achieves this by giving very little space to either economic motivation and context or mathematical foundations. Rather, the models are presented more or less as streams of calculations. A reader who does not simultaneously refer to more detailed sources like Woodford's Interest and Prices is likely to come away with only a sup