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1. |
Record Nr. |
UNINA9910457470903321 |
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Autore |
Galí Jordi <1961-> |
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Titolo |
Unemployment fluctuations and stabilization policies [[electronic resource] ] : a new Keynesian perspective / / Jordi Galí |
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Pubbl/distr/stampa |
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Cambridge, Mass., : MIT Press, c2011 |
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ISBN |
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0-262-29791-4 |
1-283-30285-3 |
9786613302854 |
0-262-29879-1 |
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Descrizione fisica |
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1 online resource (119 p.) |
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Collana |
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Zeuthen lecture book series |
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Disciplina |
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Soggetti |
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Unemployment |
Unemployment - Government policy |
Monetary policy |
Keynesian economics |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Revised version of lectures delivered at the University of Copenhagen on March 17-19, 2010. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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A 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. |
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Sommario/riassunto |
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A 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 |
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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. |
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2. |
Record Nr. |
UNINA9910962286703321 |
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Autore |
Palma Ricardo <1833-1919.> |
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Titolo |
Peruvian traditions / / by Ricardo Palma ; translated from the Spanish by Helen Lane ; edited with an introduction and chronology by Christopher Conway |
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Pubbl/distr/stampa |
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Oxford ; ; New York, : Oxford University Press, 2004 |
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ISBN |
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9780197725580 |
0197725589 |
9780199882779 |
0199882770 |
9781280502941 |
1280502940 |
9780198036081 |
0198036086 |
9781423746522 |
142374652X |
9780199725823 |
0199725829 |
9781602569126 |
1602569126 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (312 p.) |
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Collana |
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Altri autori (Persone) |
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LaneHelen R |
ConwayChristopher |
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Disciplina |
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Soggetti |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Previously issued in print: 2004. |
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Nota di bibliografia |
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Includes bibliographical references (p. [261]-263). |
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Nota di contenuto |
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Contents; Series Editor's General Introduction; Translator's Note; Chronology of Ricardo Palma; Introduction; FIRST SERIES; SECOND SERIES; THIRD SERIES; FOURTH SERIES; FIFTH SERIES; SIXTH SERIES; SEVENTH SERIES; EIGHTH SERIES; NINTH SERIES; TENTH SERIES; Appendix: Listing of the Peruvian Traditions by Historical Period; Bibliography |
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Sommario/riassunto |
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In his lifetime, the Peruvian Ricardo Palma (1838-1919) was one of the most popular and imitated writers in Latin America. His historical miscellanies, which he called "traditions," are witty anecdotes about conquerors, viceroys, corrupt and lovelorn friars, tragic loves and notorious characters. |
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