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: Hajime Hori Название: Business Cycle Dynamics and Stabilization Policies ISBN: 9811030804 ISBN-13(EAN): 9789811030802 Издательство: Springer Рейтинг: Цена: 12577.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This monograph is devoted to the analysis of the dynamics of business cycles and stabilization policies. (4) If coordinated properly, monetary stabilization policies can remove the destabilizing tendency of fiscal stabilization policies.
Автор: A. Makin Название: Global Imbalances, Exchange Rates and Stabilization Policy ISBN: 1349366692 ISBN-13(EAN): 9781349366699 Издательство: Springer Рейтинг: Цена: 13974.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book analyzes key international monetary issues from a macro-foundations perspective. It proposes novel frameworks to interpret macroeconomic and financial linkages for globally integrated economies, examining global imbalances, exchange rates, interest rates, international capital flows, inflation, foreign and public debt.
Автор: Patrick J. Conway Название: Crisis, Stabilization and Growth ISBN: 1461356210 ISBN-13(EAN): 9781461356219 Издательство: Springer Рейтинг: Цена: 13974.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The early-Republican era (1923-1938) was a major period of musical and cultural change in Turkey. Representing more than twenty years of research, Alaturka: Style in Turkish Music is a study of the significance of style in Turkish music and, in particular, the polemical debate about an eastern style of Turkish music (alaturka) that developed during this rich and complicated era of Turkish history.
Автор: G.W Kolodko; Danuta Gotz-Kozierkiewicz; Elz. Skrze Название: Hyperinflation and Stabilization in Postsocialist Economies ISBN: 9401057346 ISBN-13(EAN): 9789401057349 Издательство: Springer Рейтинг: Цена: 6986.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: One would think states and peoples have had so many bad experiences with inflation that politicians at the helm of these states would do everything within their power to avoid inflation and, in particular, its very intensive shape, i.
Автор: Yilin Hou Название: State Government Budget Stabilization ISBN: 1489994165 ISBN-13(EAN): 9781489994165 Издательство: Springer Рейтинг: Цена: 18167.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Spanning the years 1946 through 2008, this is the first detailed survey of the law, politics and economics behind state-level budget stabilization policies in the U.S. Covers effects of stabilization on government operations, public services and more.
Автор: Yasushi Mieno; Kumiharu Shigehara Название: Price Stabilization in the 1990s ISBN: 1349128953 ISBN-13(EAN): 9781349128952 Издательство: Springer Рейтинг: Цена: 8384.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Investigates various aspects of inflation - the recent history of inflation as well as potential sources of changes, the technical issues regarding the measurement of inflation, the indicators for future inflation, and the policy implications to achieve and maintain price stability.
Описание: Investigatesthe causes of the bad performance of many exchange rate models and tries to determine the optimal exchange rate regime for small countries, drawing upon a structural model of exchange rate determination, optimal control experiments and recent European monetary union proposals.
Автор: Rolf J. Langhammer; L?cio Vinhas de Souza Название: Monetary Policy and Macroeconomic Stabilization in Latin America ISBN: 364206499X ISBN-13(EAN): 9783642064999 Издательство: Springer Рейтинг: Цена: 21661.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Latin America is a very important region of the globe, which has been buffeted by successive waves of economic instability within the last decades. These waves have caused several episodes of hyperinflation or near hyperinflation, and several currency and financial crises, which, in certain moments, have even spilled over and affected other emerging markets. This has resulted in huge costs in terms of lost potential growth, and, as is inevitable, the markets most affected by this have been the least capable of defending themselves. In a region plagued by still considerable rates of social exclusion, with some of the highest rates of income concentration in the whole globe, the human costs of these crises have been very substantial. Starting in the early 1990s, the slow implementation of reforms, plus the resumption of more sustained growth--to a substantial degree linked to the increase in commodity prices, especially since the early 2000s--seems to have resulted in a more stable situation. Initially, in early reformers like Chile, later in the larger economies of the region, like Brazil and Mexico, a consensus-- embraced by both sides of the political spectrum--towards integration in global markets, both in their trade and financial components, floating exchange rates, independent monetary authorities, and sustainable fiscal policies has emerged.
Автор: Yilin Hou Название: State Government Budget Stabilization ISBN: 1461460603 ISBN-13(EAN): 9781461460602 Издательство: Springer Рейтинг: Цена: 13974.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Spanning the years 1946 through 2008, this is the first detailed survey of the law, politics and economics behind state-level budget stabilization policies in the U.S. Covers effects of stabilization on government operations, public services and more.
Автор: Tarp Название: Stabilization and Structural Adjustment ISBN: 1138157414 ISBN-13(EAN): 9781138157415 Издательство: Taylor&Francis Рейтинг: Цена: 22202.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book examines the relevance of macroeconomic theory and models behind recommendations for stabilization and structural adjustment on the basis of a review of developments in sub-Saharan Africa during the 1980s.
ООО "Логосфера " Тел:+7(495) 980-12-10 www.logobook.ru
