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: 10394 р. Наличие на складе: 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.
Автор: Chiarella Название: Reconstructing Keynesian Macroeconomics Volume 2 ISBN: 0415668573 ISBN-13(EAN): 9780415668576 Издательство: Taylor&Francis Рейтинг: Цена: 17188 р. Наличие на складе: Невозможна поставка.
Описание: This book represents the second of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction. In this second volume the authors present a detailed analysis and comparison of two competing types of approaches to Keynesian macroeconomics, one that integrates goods, labour and financial markets, and another from the perspective of a conventional type of LM-analysis or interest-rate policy of the central bank. The authors employ rigorous dynamic macro-models of a descriptive and applicable nature, which will be of interest to all macroeconomists who use formal model-building in their investigations. The research in this book with its focus on Keynesian propagation mechanisms provides a unique alternative to the black-box shock-absorber approaches that dominate modern macroeconomics. The main conclusion of the work is that policy makers need to reconsider Keynesian ideas, but in the modern form in which they are expressed in this volume. Reconstructing Keynesian Macroeconomics will be of interest to students and researchers who want to look at alternatives to the mainstream macrodynamics that emerged from the Monetarist critique of Keynesianism. This book will also engage central bankers and macroeconomic policy makers.
Описание: 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 Gali 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. This is the most up-to-date and accessible introduction to the New Keynesian framework available.
It uses a single
benchmark model throughout. It is concise and easy to use. It includes exercises, and is an ideal resource for graduate students, researchers, and market analysts.
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: Chiarella Название: The Dynamics of Keynesian Monetary Growth ISBN: 052118018X ISBN-13(EAN): 9780521180184 Издательство: Cambridge Academ Рейтинг: Цена: 4107 р. Наличие на складе: Поставка под заказ.
Описание: Originally published in 2000, this book is in the tradition of non-market-clearing approaches to macrodynamic approaches. It builds a series of integrated disequilibrium growth models of increasing complexity, which display the economic interaction between households, firms and government across labour, goods, money, bonds and equities markets. Chiarella and Flaschel demonstrate how macrodynamics can be developed in a hierarchical way from economically simple structures to more advanced ones. In addition it investigates complex macrodynamic feedback mechanisms.
Автор: Harcourt Название: The Structure of Post-Keynesian Economics ISBN: 0521833876 ISBN-13(EAN): 9780521833875 Издательство: Cambridge Academ Рейтинг: Цена: 11092 р. Наличие на складе: Поставка под заказ.
Описание: A major contribution to post-Keynesian economics appealing to researchers interested in alternative economic thought.
Автор: Lavoie Название: Introduction to Post-Keynesian Economics ISBN: 0230007805 ISBN-13(EAN): 9780230007802 Издательство: Springer Рейтинг: Цена: 11549 р. Наличие на складе: Поставка под заказ.
Описание: Offers an introduction to post-Keynesian economics, showing that there is an alternative to neoclassical economics and its free-market economic policies. This book demonstrates that higher minimum wages or real wages can increase both labour employment and the corporate profit rates, and that faster output growth need not lead to higher inflation.
Название: Introduction to Post-keynesian Economics ISBN: 0230229212 ISBN-13(EAN): 9780230229211 Издательство: Springer Рейтинг: Цена: 8084 р. Наличие на складе: Поставка под заказ.
Описание: This book offers an accessible introduction to post-Keynesian economics, showing that there is an alternative to neoclassical economics and its free-market economic policies. Post-Keynesian economics is founded on realistic assumptions, such as interest targeting by central banks or constant average variable costs in manufacturing and services
Автор: Harcourt Название: The Structure of Post-Keynesian Economics ISBN: 0521067537 ISBN-13(EAN): 9780521067539 Издательство: Cambridge Academ Рейтинг: Цена: 4929 р. Наличие на складе: Поставка под заказ.
Описание: A major contribution to post-Keynesian economics appealing to researchers interested in alternative economic thought.
Описание: Keynesians have focused attention exclusively on policies for dealing with effects of economic failure as they arise, whereas in contrast, Keynes was concerned with the cause and then the prevention of economic failure. This book argues that Keynesian economists have betrayed Keynes` theory and policy conclusions.
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