Unemployment Fluctuations and Stabilization Policies: A New Keynesian Perspective

by Jordi Galí

Book Overview

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,...

• Format: Paperback
• Language: English
• ISBN: 0262553821
• ISBN13: 9780262553827
• Release Date: December 2024
• Publisher: MIT Press
• Length: 120 Pages
• Weight: 0.41 lbs.
• Dimensions: 0.3" x 6.0" x 9.0"