Monetary Policy Inflation and the Business Cycle or How to Conduct Surveys

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

Author: Jordi Gali

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 New Keynesian framework and its applications to monetary policy.

Using a canonical version of the New Keynesian model as a reference framework, Jordi Galí explores issues pertaining to the design of monetary policy, including the determination of the optimal monetary policy and the desirability of simple policy rules. He analyzes several extensions of the baseline model, allowing for cost-push shocks, nominal wage rigidities, and open economy factors. In each case, the implications for monetary policy are addressed, with a special emphasis on the desirability of inflation targeting policies.

• The most up-to-date and accessible introduction to the New Keynesian framework available
• Uses a single benchmark model throughout
• Concise and easy to use
• Includes exercises
• An ideal resource for graduate students, researchers, and market analysts

Table of Contents:

Preface     ix
Introduction     1
A Classical Monetary Model     15
The Basic New Keynesian Model     41
Monetary Policy Design in the Basic New Keynesian Model     71
Monetary Policy Tradeoffs: Discretion versus Commitment     95
A Model with Sticky Wages and Prices     119
Monetary Policy and the Open Economy     149
Main Lessons and Some Extensions     185
Index     195

Go to: File System Forensic Analysis or Not Left behind

How to Conduct Surveys: A Step-by-Step Guide

Author: Arlene Fink

Arlene Fink and Jacqueline Kosecoff's practical guide examines the nuts and bolts of interview and questionnaire design. It takes the reader through the process of deciding informational needs, choosing a questionnaire or interview format, designing a data-collection method, choosing a sample, analyzing the findings and reporting results. The book is geared to everyone who needs to learn how to do a simple survey, regardless of background. With practical exercises and informative appendices, this book is appropriate for both self-teaching and classroom use.

Booknews

Guides readers in developing their own rigorous surveys and evaluating the credibility of other surveys, with practical advice and instructions. This second edition is completely revised to reflect changes such as computer-assisted and interactive surveys, and gives guidelines on preparing informed consent statements for survey respondents and for asking sensitive questions about ethnicity, income, and gender. Other new topics include translating surveys to other languages, reading computer output containing survey results, and using new survey data analysis techniques such as odds rations, relative risks, and confidence intervals. Includes guidelines on preparing reports and giving oral presentations, as well as examples, exercises and answers, and appendices on performing technical computations. Useful for self-paced instruction, workshops, and formal classrooms. Requires no background in statistics. Annotation c. by Book News, Inc., Portland, Or.