Описание: "This revised second edition of Monetary Policy, Inflation, and the Business Cycle provides a rigorous graduate-level introduction to the New Keynesian framework and its applications to monetary policy. The New Keynesian framework is the workhorse for the analysis of monetary policy and its implications for inflation, economic fluctuations, and welfare. A backbone of the new generation of medium-scale models under development at major central banks and international policy institutions, the framework provides the theoretical underpinnings for the price stability-oriented strategies adopted by most central banks in the industrialized world. Using a canonical version of the New Keynesian model as a reference, Jordi Gali explores various issues pertaining to monetary policy`s design, including 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 effects for monetary policy are addressed, with emphasis on the desirability of inflation-targeting policies. New material includes labor and financial market frictions, the zero lower bound on nominal interest rates, and an analysis of unemployment`s significance for monetary policy. The most up-to-date introduction to the New Keynesian framework available A single benchmark model used throughout New materials and exercises included An ideal resource for graduate students, researchers, and market analysts "--
Название: Anti-keynesian tradition ISBN: 140394959X ISBN-13(EAN): 9781403949592 Издательство: Springer Рейтинг: Цена: 12577.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This volume contains a range of contributions from top scholars in the field which use key archival evidence to provide a comprehensive overview of the Anti-Keynesian Tradition, and its main players. With incisive research and masterful analysis, this volume traces the movement by focusing on the evolution of thought within this school.
Описание: The book introduces the New Keynesian framework, historically through a literature overview and through a step-by-step derivation of a New Keynesian Phillips curve, an intertemporal IS curve, and a targeting rule for the central bank. This basic version is then expanded by introducing cost and demand shocks and uncertainty. The latter enters the model via second order Taylor approximation instead of linearization. Bringing all equations together results in an equilibrium condition which is simulated with a wide range of parameter values, including possible crisis scenarios. The author finds that accounting for uncertainty – regarding growth and inflation expectations – can lead to lower nominal interest rates set by the central bank.
Описание: These two volumes cover the principal areas to which Post-Keynesian economists have made distinctive contributions. The contents include the significant criticism by Post-Keynesians of mainstream economics, but the emphasis is on positive Post-Keynesian analysis of the economic problems of the modern world and of policies with which to tackle them.
Автор: Harcourt Название: The Structure of Post-Keynesian Economics ISBN: 0521833876 ISBN-13(EAN): 9780521833875 Издательство: Cambridge Academ Рейтинг: Цена: 15840.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This is a major contribution to post-Keynesian thought. With studies of the key pioneers, Geoff Harcourt emphasizes their positive contributions to theories of distribution, pricing, accumulation, endogenous money and growth. The volume will appeal to students and researchers interested in alternative approaches to theoretical, applied and policy issues in economics.
Автор: Lavoie Название: Introduction to Post-Keynesian Economics ISBN: 0230007805 ISBN-13(EAN): 9780230007802 Издательство: Springer Рейтинг: Цена: 13974.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book shows how the realistic foundations and stylized facts of Post-Keynesian economics give rise to macroeconomic implications that are different from those of received wisdom with regards to employment, output growth, inflation and monetary theory, and offers an alternative to neoclassical economics and its free-market economic policies.
Автор: Harcourt Название: The Structure of Post-Keynesian Economics ISBN: 0521067537 ISBN-13(EAN): 9780521067539 Издательство: Cambridge Academ Рейтинг: Цена: 6653.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This is a major contribution to post-Keynesian thought. With studies of the key pioneers, Geoff Harcourt emphasizes their positive contributions to theories of distribution, pricing, accumulation, endogenous money and growth. The volume will appeal to students and researchers interested in alternative approaches to theoretical, applied and policy issues in economics.
Описание: This book argues that Keynesian economists have betrayed Keynes` theory and policy conclusions, and that the world has been misled about those policies. Keynesians have focused attention on policies for dealing with effects of economic failure as they arise, whereas Keynes was concerned with the cause and then the prevention of economic failure.
Автор: Forstater Название: Post-Keynesian Macroeconomics ISBN: 0415547830 ISBN-13(EAN): 9780415547833 Издательство: Taylor&Francis Рейтинг: Цена: 7042.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Edited by three well known academics and contributed to by J. Smithin, L. Moss and G.C. Harcourt, this text reflects the breath of the honouree`s interests, covering political economy, labour economics, history of economic thought and macroeconomics.
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