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 "--
Описание: This book studies the dynamic mechanism of inflation in China from the perspective of New Keynesian Economics, and develops a multifaceted approach to explore the dynamic trajectory of price changes since China`s reform and opening up and the accompanying economics conditions.
Описание: This book offers a modern behavioral economics analysis of macroeconomic expectations, using cognitive psychology and a bottom-up approach to economic expectations. It gives students and researchers a quantitative model for analyzing inflation, interest rates and business cycle phenomena for any country or historical period.
Автор: Sinclair, Peter J N Название: Inflation Expectations ISBN: 0415561744 ISBN-13(EAN): 9780415561747 Издательство: Taylor&Francis Рейтинг: Цена: 24499.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book offers a modern behavioral economics analysis of macroeconomic expectations, using cognitive psychology and a bottom-up approach to economic expectations. It gives students and researchers a quantitative model for analyzing inflation, interest rates and business cycle phenomena for any country or historical period.
Описание: This book investigates the importance of institutional arrangements for policy outcomes. In particular, the book answers the question whether there are significant differences in IT central banks` institutional set-ups, and-if yes-whether they influence the ability of monetary authorities to meet their policy goals.
Автор: Hudson, John Название: Inflation ISBN: 1138653136 ISBN-13(EAN): 9781138653139 Издательство: Taylor&Francis Рейтинг: Цена: 16078.00 р. Наличие на складе: Поставка под заказ.
Автор: Various Название: Routledge Library Editions: Inflation ISBN: 1138652512 ISBN-13(EAN): 9781138652514 Издательство: Taylor&Francis Рейтинг: Цена: 76560.00 р. Наличие на складе: Поставка под заказ.
Автор: Robert O`Neill; Jeff Ralph; Paul A. Smith Название: Inflation ISBN: 3319641247 ISBN-13(EAN): 9783319641249 Издательство: Springer Рейтинг: Цена: 16769.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book is a non-technical introduction to the history of - and current measurement practice of - inflation for the United Kingdom, with comparative international case studies.
Автор: Roy Green Название: Classical Theories of Money, Output and Inflation ISBN: 1349223905 ISBN-13(EAN): 9781349223909 Издательство: Springer Рейтинг: Цена: 9362.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book challenges the conventional view that monetarism is a necessary part of classical economics and shows, in an historical account of monetary controversy, that the framework upon which classical analysis is based suggests an alternative account of the inflationary process.
Contrary to the Quantity Theory of Money, which in its various forms, implies that increases in output of goods and services will, ceteris paribus, exert downward pressure on the general price level, Dr. Nwankwo in this book, argues that the growth of some components of output could accentuate, rather than dampen inflation. This phenomenon, which the author has termed 'Disaggregation Dissonance Hypothesis', states that while some components of the GDP may be inversely related to the price level, other components may be positively related to the price level. In addition, interaction between sectors, measured for example with the ratio of non-agricultural output to agricultural output, could also affect the price level. In view of these observations, the author argues that the practice based on the Quantity Theory of using aggregate output as an explanatory variable for the price level is defective and inappropriate and that the use of aggregate output in an empirical study is of limited relevance because it obscures a lot of the underlying influences which are necessary for understanding the structure and dynamics of inflation. He contends that a more appropriate approach will be to use disaggregated components of the GDP, as well as sectoral interaction variables in order to bring out the different ways in which the different components of the GDP impact inflation.
The author supports his thesis with an econometric investigation, using Nigeria's data from 1960 to 2011, which shows that when the GDP is split into agricultural and non-agricultural components, the former impacts the price level inversely, while the latter impacts the price level positively.
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