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.
Название: Keynesian tradition ISBN: 1403949603 ISBN-13(EAN): 9781403949608 Издательство: Springer Рейтинг: Цена: 16769.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This volume examines the process by which Keynes` message got interpreted and re-interpreted and thus separated into a Left and a Right political-economic stream. Archival evidence is used to shed a fresh light on many of the controversies (and colourful characters) of the Keynesian tradition.
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.
Автор: G.R. Steele Название: Monetarism and the Demise of Keynesian Economics ISBN: 0333458125 ISBN-13(EAN): 9780333458129 Издательство: Springer Рейтинг: Цена: 23757.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: An examination of the role of money in a dynamic economy within the context of theoretical developments both within and in opposition to, the Quantity Theory tradition. Emphasis is on the dangers of basing economic policy on macroeconomic analysis.
Автор: Masayuki Otaki Название: Keynesian Economics and Price Theory ISBN: 4431553444 ISBN-13(EAN): 9784431553441 Издательство: Springer Рейтинг: Цена: 13974.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book reconstructs Keynesian macroeconomics so that it is compatible with the neoclassical dynamic microeconomic theory.
Автор: G C Harcourt Название: Post-Keynesian Essays in Biography ISBN: 1349128287 ISBN-13(EAN): 9781349128280 Издательство: Springer Рейтинг: Цена: 19564.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This volume is a collection of intellectual biographies of economists, which the author has written over the last 16 years. There are four categories: accounts of Cambridge greats - Joan Robinson, Piero Sraffa, Nicholas Kaldor, Richard Kahn;
Автор: G.R. Steele Название: Monetarism and the Demise of Keynesian Economics ISBN: 1349099961 ISBN-13(EAN): 9781349099962 Издательство: Springer Рейтинг: Цена: 22359.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: An examination of the role of money in a dynamic economy within the context of theoretical developments both within and in opposition to, the Quantity Theory tradition. Emphasis is on the dangers of basing economic policy on macroeconomic analysis.
Автор: Gordon A. Fletcher Название: The Keynesian Revolution and its Critics ISBN: 1349087386 ISBN-13(EAN): 9781349087389 Издательство: Springer Рейтинг: Цена: 6288.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Автор: Alain Barrere Название: The Foundations of Keynesian Analysis ISBN: 1349080640 ISBN-13(EAN): 9781349080649 Издательство: Springer Рейтинг: Цена: 9781.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Автор: T. Palley Название: Post Keynesian Economics ISBN: 0333630599 ISBN-13(EAN): 9780333630594 Издательство: Springer Рейтинг: Цена: 20962.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book provides an important and original statement of Post Keynesian macroeconomic theory, focusing on the significance of privately created inside debts and income distribution for the determination of economic activity. The material is presented in a clear and accessible format
Описание: Michael Kalecki (1899-1970) was one of the most important economists of the 20th century. In the 1930s he made a series of fundamental contributions to macroeconomic theory which anticipated, complemented, and in some ways surpassed those of Keynes. This volume documents his work.
Автор: Alain Barrere Название: Money, Credit and Prices in Keynesian Perspective ISBN: 0333422104 ISBN-13(EAN): 9780333422106 Издательство: Springer Рейтинг: Цена: 20962.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Papers collected here, first given at an international conference in Paris, examine the monetary aspects of the keynesian theory. They examine recent developments and controversies on such topics as savings, investment, financial capital, interest rates, indebtedness and the theory of prices.
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