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 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.
Автор: G. Harcourt; Peter Kriesler; Joseph Halevi; John N Название: Post-Keynesian Essays from Down Under Volume II: Essays on Policy and Applied Economics ISBN: 113747534X ISBN-13(EAN): 9781137475343 Издательство: Springer Рейтинг: Цена: 102480.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: In addition, their essays suggest the ultimate goal of economics is as a tool to inform policy and make the world a better place, with better being defined by an overriding concern with social justice.
Автор: G. Harcourt; Peter Kriesler; Joseph Halevi; John N Название: Post-Keynesian Essays from Down Under Volume III: Essays on Ethics, Social Justice and Economics ISBN: 1137475315 ISBN-13(EAN): 9781137475312 Издательство: Springer Рейтинг: Цена: 97820.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: In addition, their essays suggest the ultimate goal of economics is as a tool to inform policy and make the world a better place, with better being defined by an overriding concern with social justice.
Автор: Harcourt Название: The Structure of Post-Keynesian Economics ISBN: 0521067537 ISBN-13(EAN): 9780521067539 Издательство: Cambridge Academ Рейтинг: Цена: 44350.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This is a major contribution to post-Keynesian thought. With studies of the key pioneers, Geoff Harcourt emphasizes their positive contributions to theories of distribution, pricing, accumulation, endogenous money and growth. The volume will appeal to students and researchers interested in alternative approaches to theoretical, applied and policy issues in economics.
Автор: Tily Название: Keynes`s General Theory, the Rate of Interest and Keynesian` Economics ISBN: 1403996288 ISBN-13(EAN): 9781403996282 Издательство: Springer Рейтинг: Цена: 121110.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book argues that Keynesian economists have betrayed Keynes` theory and policy conclusions, and that the world has been misled about those policies. Keynesians have focused attention on policies for dealing with effects of economic failure as they arise, whereas Keynes was concerned with the cause and then the prevention of economic failure.
Автор: Thirlwall Название: Essays on Keynesian and Kaldorian Economics ISBN: 1137409479 ISBN-13(EAN): 9781137409478 Издательство: Springer Рейтинг: Цена: 102480.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This volume of essays contains 16 papers the author has written over the last 40 years on various aspects of the life and work of John Maynard Keynes and Nicholas Kaldor. It covers both theoretical and applied topics and highlight the continued relevance of Keynesian and Kaldorian ideas for understanding the functioning of capitalist economies.
Автор: Harcourt Название: The Structure of Post-Keynesian Economics ISBN: 0521833876 ISBN-13(EAN): 9780521833875 Издательство: Cambridge Academ Рейтинг: Цена: 105600.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This is a major contribution to post-Keynesian thought. With studies of the key pioneers, Geoff Harcourt emphasizes their positive contributions to theories of distribution, pricing, accumulation, endogenous money and growth. The volume will appeal to students and researchers interested in alternative approaches to theoretical, applied and policy issues in economics.
Автор: T. Palley Название: Post Keynesian Economics ISBN: 0333630602 ISBN-13(EAN): 9780333630600 Издательство: Springer Рейтинг: Цена: 55890.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book provides an important and original statement of Post Keynesian macroeconomic theory, focusing on the significance of privately created inside debts and income distribution for the determination of economic activity. The material is presented in a clear and accessible format
Автор: T. Palley Название: Post Keynesian Economics ISBN: 0333630599 ISBN-13(EAN): 9780333630594 Издательство: Springer Рейтинг: Цена: 139750.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book provides an important and original statement of Post Keynesian macroeconomic theory, focusing on the significance of privately created inside debts and income distribution for the determination of economic activity. The material is presented in a clear and accessible format
Автор: G.R. Steele Название: Monetarism and the Demise of Keynesian Economics ISBN: 0333458125 ISBN-13(EAN): 9780333458129 Издательство: Springer Рейтинг: Цена: 158380.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: An examination of the role of money in a dynamic economy within the context of theoretical developments both within and in opposition to, the Quantity Theory tradition. Emphasis is on the dangers of basing economic policy on macroeconomic analysis.
Автор: Masayuki Otaki Название: Keynesian Economics and Price Theory ISBN: 4431563911 ISBN-13(EAN): 9784431563914 Издательство: Springer Рейтинг: Цена: 93160.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book reconstructs Keynesian macroeconomics so that it is compatible with the neoclassical dynamic microeconomic theory.
Автор: Stephen Rousseas Название: Post Keynesian Monetary Economics ISBN: 0333721241 ISBN-13(EAN): 9780333721247 Издательство: Springer Рейтинг: Цена: 46570.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: It calls for the addition of a selective control over the flow of credit in the economy as an addition to the conventional Keynesian contracyclical tools for keeping the economy at full employment, along with a recognition that inflation is a function of money wages and not the aggregate supply or money.
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