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03387aam a2200457 i 4500 001 465E5D166B5811E69AFE1DDBDAD10320 003 SILO 005 20160826010517 008 141128s2015 njua b 001 0 eng 010 $a 2014045946 020 $a 0691164789 020 $a 9780691164786 035 $a (OCoLC)897437427 040 $a DLC $e rda $b eng $c DLC $d YDX $d YDXCP $d BTCTA $d BDX $d OCLCF $d SILO 042 $a pcc 050 00 $a HG230.3 .G35 2015 082 00 $a 339.5/3 $2 23 084 $a BUS069030 $a BUS027000 $a BUS069030 $2 bisacsh 100 1 $a Gal©Ư, Jordi, $d 1961- $e author. 245 10 $a Monetary policy, inflation, and the business cycle : $b an introduction to the new Keynesian framework and its applications / $c Jordi Gal©Ư. 250 $a Second edition. 264 1 $a Princeton, New Jersey : $b Princeton University Press, $c [2015] 300 $a xii, 279 pages ; $c 25 cm 520 $a "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 Gal©Ư 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 "-- $c Provided by publisher. 520 $a "An introduction to the framework used by central banks for policy analysis"-- $c Provided by publisher. 504 $a Includes bibliographical references and index. 650 0 $a Monetary policy. 650 0 $a Inflation (Finance) 650 0 $a Business cycles. 650 0 $a Keynesian economics. 650 7 $a BUSINESS & ECONOMICS / Money & Monetary Policy. $2 bisacsh 650 7 $a BUSINESS & ECONOMICS / Finance. $2 bisacsh 650 7 $a BUSINESS & ECONOMICS / Economics / Theory. $2 bisacsh 650 7 $a Business cycles. $2 fast $0 (OCoLC)fst00842457 650 7 $a Inflation (Finance) $2 fast $0 (OCoLC)fst00972450 650 7 $a Keynesian economics. $2 fast $0 (OCoLC)fst00987025 650 7 $a Monetary policy. $2 fast $0 (OCoLC)fst01025230 941 $a 1 952 $l USUX851 $d 20211102014540.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=465E5D166B5811E69AFE1DDBDAD10320 994 $a 92 $b IWAInitiate Another SILO Locator Search