{"product_id":"monetary-policy-inflation-and-the-business-cycle-an-introduction-to-the-new-keynesian-framework","title":"Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework","description":"The New Keynesian framework has emerged as the workhorse for the analysis of monetary policy and its implications for inflation, economic fluctuations, and welfare. It is the backbone of the new generation of medium-scale models under development at major central banks and international policy institutions, and provides the theoretical underpinnings of the inflation stability-oriented strategies adopted by most central banks throughout the industrialized world. This graduate-level textbook provides an introduction to the New Keynesian framework and its applications to monetary policy. Using a canonical version of the New Keynesian model as a reference framework, Jordi Gal explores issues pertaining to the design of monetary policy, including the determination of the 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\u003cbr\u003eASIN: 0691133166\u003cbr\u003eVSKU: DBV.0691133166.VG\u003cbr\u003eCondition: Very Good\u003cbr\u003eAuthor\/Artist:Galí, Jordi\u003cbr\u003eBinding: Hardcover\u003cbr\u003e\u003cb\u003eNote:\u003c\/b\u003e Any images shown are stock photographs and product may differ from what is shown.  \u003cbr\u003e\u003cb\u003eCondition Notes\u003c\/b\u003e: Pages are clean with no markings. May show minor signs of wear or cosmetic defects  marks, cuts, bends, or scuffs  on the cover, spine, pages, or dust jacket. May have remainder marks on edges.  \u003cbr\u003e","brand":"Dream Books Co.","offers":[{"title":"Default Title","offer_id":41445140299834,"sku":"DBV.0691133166.VG","price":26.34,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/6011\/0138\/files\/0691133166-0.jpg?v=1780686861","url":"https:\/\/shop.dreambooksco.com\/products\/monetary-policy-inflation-and-the-business-cycle-an-introduction-to-the-new-keynesian-framework","provider":"Dream Books Co.","version":"1.0","type":"link"}