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001385895 020__ $$a9780262298797$$q(electronic bk.)
001385895 020__ $$a0262298791$$q(electronic bk.)
001385895 020__ $$a1283302853
001385895 020__ $$a9781283302852
001385895 020__ $$z9780262015974$$q(hbk.)
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001385895 035__ $$a(OCoLC)759036892$$z(OCoLC)778616599$$z(OCoLC)816867515$$z(OCoLC)961584403$$z(OCoLC)962695833$$z(OCoLC)966211596$$z(OCoLC)984605296$$z(OCoLC)988455979$$z(OCoLC)992117130$$z(OCoLC)1037912153$$z(OCoLC)1038670899
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001385895 08204 $$a339.5/3$$222
001385895 1001_ $$aGalí, Jordi,$$d1961-$$eauthor.
001385895 24510 $$aUnemployment fluctuations and stabilization policies :$$ba new Keynesian perspective /$$cJordi Galí.
001385895 260__ $$aCambridge, Mass. :$$bMIT Press,$$c©2011.
001385895 300__ $$a1 online resource (106 pages) :$$billustrations.
001385895 336__ $$atext$$btxt$$2rdacontent
001385895 337__ $$acomputer$$bc$$2rdamedia
001385895 338__ $$aonline resource$$bcr$$2rdacarrier
001385895 4901_ $$aZeuthen lecture book series
001385895 500__ $$aRevised version of lectures delivered at the University of Copenhagen on March 17-19, 2010.
001385895 506__ $$aAccess limited to authorized users.
001385895 520__ $$aA new approach for introducing unemployment into the New Keynesian framework.The past fifteen years have witnessed the rise of the New Keynesian model as a framework of reference for the analysis of fluctuations and stabilization policies. That framework, which combines the rigor and internal consistency of dynamic general equilibrium models with such typically Keynesian assumptions as monopolistic competition and nominal rigidities, makes possible a meaningful, welfare-based analysis of the effects of monetary policy rules. But the conspicuous absence of unemployment from the standard New Keynesian model has given rise to both criticism and attempts to rectify this anomaly. In this book, Jordi Gali, one of the major contributors to the New Keynesian literature, offers a new approach to introducing unemployment into that framework. Gali's approach involves a reinterpretation of the labor market in the standard New Keynesian model with staggered wage setting (rather than a modification or extension of the model, as has been proposed by others). The resulting framework preserves the convenience of the representative household paradigm and allows one to determine the equilibrium levels of employment, the labor force, and hence the unemployment rate conditional on the monetary policy in place. Gali develops the basic model, embedding it in a standard New Keynesian framework with staggered price and wage setting; revisits the relationship between economic fluctuations and efficiency through the lens of the new model, developing a measure of the output gap; and analyzes the relation between unemployment and the design of monetary policy.
001385895 588__ $$aOCLC-licensed vendor bibliographic record.
001385895 650_0 $$aUnemployment.
001385895 650_0 $$aUnemployment$$xGovernment policy.
001385895 650_0 $$aMonetary policy.
001385895 650_0 $$aKeynesian economics.
001385895 653__ $$aECONOMICS/Macroeconomics
001385895 653__ $$aECONOMICS/Labor Studies
001385895 655_0 $$aElectronic books
001385895 852__ $$bebk
001385895 85640 $$3MIT Press$$uhttps://univsouthin.idm.oclc.org/login?url=https://doi.org/10.7551/mitpress/9001.001.0001?locatt=mode:legacy$$zOnline Access through The MIT Press Direct
001385895 85642 $$3OCLC metadata license agreement$$uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
001385895 909CO $$ooai:library.usi.edu:1385895$$pGLOBAL_SET
001385895 980__ $$aBIB
001385895 980__ $$aEBOOK
001385895 982__ $$aEbook
001385895 983__ $$aOnline