Monetary Policy, Inflation, and the Business Cycle: An Introduction to Thenew Keynesian Framework

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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 ...

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Monetary Policy, Inflation, and the Business Cycle: An Introduction to Thenew Keynesian Framework
2008, Princeton University Press, Princeton, NJ

ISBN-13: 9780691133164

Hardcover

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