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Macroeconomics and the Phillips curve myth
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ISBN: 9780199683659 9780198819875 0199683654 Year: 2018 Publisher: Oxford Oxford University Press


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Le fabuleux destin de la courbe de Phillips : les théories de l'inflation et du chômage après Keynes
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ISBN: 9782859398910 2859398910 Year: 2007 Volume: 937 Publisher: Villeneuve-d'Ascq Presses Universitaires du Septentrion


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The economics of unemployment : a comparative analysis of Britain and the United States.
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ISBN: 0710801238 Year: 1984 Publisher: Brighton Harvester press

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Inflation policy and unemployment theory : the cost-benefit approach to monetary planning.
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ISBN: 0333134281 9780333134283 Year: 1972 Publisher: London Macmillan

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Europe - One labour market
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ISBN: 9052019495 9789052019499 Year: 2001 Volume: no. 30 Publisher: Bruxelles: Lang,


Book
Unemployment fluctuations and stabilization policies : a new Keynesian perspective
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ISBN: 9780262015974 0262015978 9786613302854 1283302853 0262298791 9780262298797 0262297914 9781283302852 Year: 2011 Publisher: Cambridge, Mass. : MIT Press,

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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 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.


Book
Devaluation policy and employment
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ISBN: 9175661195 9789175661193 Year: 1987 Publisher: Stockholm Timbro

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