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Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework

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Targeting inflation in an economy with staggered price setting

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Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework and its applications

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This revised second edition of Monetary Policy, Inflation, and the Business Cycle provides a rigorous graduate-level introduction to the New Keynesian framework and its applications to monetary policy. The New Keynesian framework is the workhorse for the analysis of monetary policy and its...