Review of Monetary Policy, Inflation, and the Business Cycle: an Introduction to the New Keynesian Framework

Jordi Galí, Monetary Policy, Inflation, and the Business Cycle: an Introduction to the New Keynesian Framework, Princeton University Press, 2008, 244 pages

In recent years, research into monetary policy has been a very fruitful area for macroeconomists in academia. One of the reasons for this is tight link between academics and policymakers. On one hand, researchers in central banks and international policy institutions not only apply the existing theory to their policy analysis, but also active

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