A new approach for introducing unemployment into the New Keynesian framework.
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 Gali, one of the major contributors to the New Keynesian literature, offers a new approach to introducing unemployment into that framework.
Gali's approach involves a reinterpretation of the labor market in the standard New Keynesian model with staggered wage setting (rather than a modification or extension of the model, as has been proposed by others). The resulting framework preserves the convenience of the representative household paradigm and allows one to determine the equilibrium levels of employment, the labor force, and hence the unemployment rate conditional on the monetary policy in place.
Gali develops the basic model, embedding it in a standard New Keynesian framework with staggered price and wage setting; revisits the relationship between economic fluctuations and efficiency through the lens of the new model, developing a measure of the output gap; and analyzes the relation between unemployment and the design of monetary policy.
Автор: Layard, Richard; Nickell, Stephen J. Название: Combatting Unemployment ISBN: 0198779933 ISBN-13(EAN): 9780198779933 Издательство: Oxford Academ Рейтинг: Цена: 4513.00 р. Наличие на складе: Поставка под заказ.
Описание: Shaping the views of scholars and policymakers on how to address unemployment, the contributions of Layard and Nickell have served to illuminate the policy discourse in Europe. The book includes their key writings on the subject together with a new essay on what should be done during recession.
Автор: Lindvall, Johannes. Название: Mass unemployment and the state / ISBN: 0199590648 ISBN-13(EAN): 9780199590643 Издательство: Oxford Academ Рейтинг: Цена: 17424.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Mass Unemployment and the State shows that domestic political arrangements have mattered greatly to the economic and labor market policies that European governments pursued in response to the problem of unemployment from the early 1970s to the present day.
Автор: Robert J. Gordon Название: Productivity Growth, Inflation, and Unemployment ISBN: 052153142X ISBN-13(EAN): 9780521531429 Издательство: Cambridge Academ Рейтинг: Цена: 14573.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The seventeen seminal essays by Robert J. Gordon collected here, including three previously unpublished works, offer views on the principal topics of macroeconomics - namely, growth, inflation, and unemployment. The author re-examines their salient points in a creative, accessible introduction that serves on its own as an introduction to modern macroeconomics.
Автор: Beenstock Название: Insurance for Unemployment ISBN: 041568238X ISBN-13(EAN): 9780415682381 Издательство: Taylor&Francis Рейтинг: Цена: 19906.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: First published in 1986, Insurance for Unemployment proposes a radical approach to the reform of unemployment and social insurance.
Описание: This unique volume consists of studies on medium-run macroeconomics that deal with aggregate economic issues that do not easily fit into either short-run business cycles or long-term growth.
Автор: Marco de Pinto Название: International Trade and Unemployment ISBN: 3642439179 ISBN-13(EAN): 9783642439179 Издательство: Springer Рейтинг: Цена: 16769.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Economic theory and empirical research confirm that the rising international integration caused an increase in aggregate income at least for the industrialized countries, although trade liberalization is no Pareto improvement.
Автор: Alejandro Garc?a-Cintado; Diego Romero-?vila; Carl Название: Spanish Regional Unemployment ISBN: 3319036858 ISBN-13(EAN): 9783319036854 Издательство: Springer Рейтинг: Цена: 6986.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This work investigates the time series properties of the unemployment rate of the Spanish regions over the period 1976-2011.
Автор: Layard, Richard Nickell, Stephen Название: Combatting unemployment ISBN: 0199609780 ISBN-13(EAN): 9780199609789 Издательство: Oxford Academ Рейтинг: Цена: 12989.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Shaping the views of scholars and policymakers on how to address unemployment, the contributions of Layard and Nickell have served to illuminate the policy discourse in Europe. The book includes their key writings on the subject together with a new essay on what should be done during recession.
Автор: Isabel Schaefer Название: Political Revolt and Youth Unemployment in Tunisia ISBN: 331965084X ISBN-13(EAN): 9783319650845 Издательство: Springer Рейтинг: Цена: 7685.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The author argues that economic crisis, difficult political conditions since 2011, and inefficient labour market policies did not foster sufficient job creation, and that special attention needs to be paid to the educational causes of the skill mismatch in youth employment in future sustainable development models.
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