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000428100 010__ $$z2010047659
000428100 020__ $$a9780262298797$$q(electronic book)
000428100 020__ $$z0262015978
000428100 020__ $$z9780262015974
000428100 035__ $$a(OCoLC)ocn759036892
000428100 035__ $$a(CaPaEBR)ebr10509216
000428100 035__ $$a(MiAaPQ)EBC3339320
000428100 035__ $$a428100
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000428100 05014 $$aHD5707.5$$b.G36 2011eb
000428100 08204 $$a339.5/3$$222
000428100 1001_ $$aGalí, Jordi,$$d1961-
000428100 24510 $$aUnemployment fluctuations and stabilization policies$$h[electronic resource] :$$ba new Keynesian perspective /$$cJordi Galí.
000428100 260__ $$aCambridge, Mass. :$$bMIT Press,$$cc2011.
000428100 300__ $$a1 online resource (106 p.) :$$bill.
000428100 440_0 $$aZeuthen lecture book series
000428100 500__ $$aDescription based on print version record.
000428100 504__ $$aIncludes bibliographical references and index.
000428100 5050_ $$aA simple model of unemployment and inflation dynamics -- Unemployment, the output gap, and the welfare costs of economic fluctuations -- Unemployment and monetary policy design in the new Keynesian model -- Concluding remarks and directions for future research.
000428100 506__ $$aAccess limited to authorized users.
000428100 5208_ $$aThe 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.
000428100 650_0 $$aUnemployment.
000428100 650_0 $$aUnemployment$$xGovernment policy.
000428100 650_0 $$aMonetary policy.
000428100 650_0 $$aKeynesian economics.
000428100 77608 $$iPrint version: Galí, Jordi, 1961-$$tUnemployment fluctuations and stabilization policies.$$dCambridge, Mass. : MIT Press, 2011$$z9780262015974$$w(DLC) 2010047659$$w(OCoLC)683247728
000428100 8520_ $$bacq
000428100 85280 $$bebk$$hProQuest Ebook Central
000428100 85640 $$3ProQuest Ebook Central$$uhttps://univsouthin.idm.oclc.org/login?url=https://ebookcentral.proquest.com/lib/usiricelib-ebooks/detail.action?docID=3339320$$zOnline Access
000428100 909CO $$ooai:library.usi.edu:428100$$pGLOBAL_SET
000428100 980__ $$aEBOOK
000428100 980__ $$aBIB
000428100 982__ $$aEbook
000428100 983__ $$aOnline