Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework

# Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework > OpenAlex Metadata Hub · https://openalex.org/W1545731555 ## Bibliographic - **DOI:** — - **Year:** 2008 - **Citations:** 924 - **Open Access:** No (closed) - **License:** — - **Source:** http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016332744&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA ## Authors - Jordi Galı́ ## Abstract 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 Gali 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 case, the implications for monetary policy are addressed, with a special emphasis on the desirability of inflation targeting policies. The most up-to-date and accessible introduction to the New Keynesian framework available Uses a single benchmark model throughout Concise and easy to use Includes exercises An ideal resource for graduate students, researchers, and market analysts ## Keywords Monetary policy, New Keynesian economics, Economics, Inflation targeting, Inflation (cosmology), Business cycle, Macroeconomics, Output gap, Keynesian economics ## Concepts - Monetary policy - New Keynesian economics - Economics - Inflation targeting - Inflation (cosmology) - Business cycle - Macroeconomics - Output gap - Keynesian economics - Theoretical physics - Physics --- *Metadata only — full text not imported unless Open Access license permits.*

Bài “Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework” được TradingBase chuyển thành Knowledge Product cho trader — không phải trang đọc abstract OpenAlex. Tóm lược học thuật (đã diễn giải): 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 Gali 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 mode… Phần Trading Insights bên dưới nối nghiên cứu với Forex, vàng, USD, lãi suất và risk regime — để bạn đưa vào journal và playbook. Metadata DOI/OA chỉ là rail tham chiếu; nội dung chính là summary, takeaways và ứng dụng thị trường do Content Factory sinh.