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

By Jordi Gaĺı. 2008

396 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/a4d26e1be5e175ea75fd420b61dbd259a57f362d

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Citations in the corpus

International Channels of Transmission of Monetary Policy and the Mundellian Trilemma (2015, unknown): “In the 3See Woodford (2003) and Gali (2008) for a precise description of the model.”
Fiscal Stimulus with Spending Reversals (2009, unknown): “This closed-economy framework corresponds by and large to the textbook new Keynesian model (e.g., Galí, 2008).”
The scientific foundation of dynamic stochastic general equilibrium (DSGE) models (2010, background): “For recent surveys, see Kahneman and Thaler (2006) and Della Vigna (2007).”
The Effects of Discretionary Fiscal Policy on Macroeconomic Aggregates: A Reappraisal (2011, unknown): “The setup and solution techniques of DSGE models can be found in details in DeJong and Dave (2007), Galí (2008), McCandless (2008) and Woodford (2003).”
OccBin: A Toolkit for Solving Dynamic Models With Occasionally Binding Constraints Easily (2015, methodology): “We consider a textbook version of the New Keynesian model, such as the one described in Gaĺı (2008). For ease of comparison, the notation and calibration hew closely to the version presented in FernándezVillaverde et al.”
Macroeconomic Policy in DSGE and Agent-Based Models (2012, unknown): “As argued by Gaĺı (2008), optimal monetary policy rules cannot be used in practice, because they require the knowledge of the “true” model of the economy, the exact value of every parameter, and the real time value of every shocks.”
Opting Out of the Great Inflation: German Monetary Policy after the Break Down of Bretton Woods (2009, unknown): “Helmut Schlesinger (1988) – as quoted in von Hagen (1995) - made the point crystal clear: "… the Bundesbank has never, since 1975, conducted a rigid policy geared at the money supply alone; all available information about financial markets and the development of the economy must be analyzed regularl”
The science of monetary policy: an imperfect knowledge perspective (2018, unknown): “The title The Science of Monetary Policy: An Imperfect Knowledge Perspective deliberately recalls the seminal piece by Clarida, Gali, and Gertler (1999) also appearing in the Journal of Economic Literature, as it summarizes the key principles to be re-examined through the lens of imperfect knowledge”
Survey Measurement of Probabilistic Macroeconomic Expectations: Progress and Promise (2017, unknown): “Giustinelli (2016) surveyed teenagers completing middle school and their parents regarding choice among alternative types of high school and their expectations for successful performance in each type of school and their outcomes therafter. She used these data to estimate random utility models of cho”
The Simple Analytics of Helicopter Money: Why It Works — Always (2014, background): “This means that in a cashless economy, like the Woodford-Gali (Woodford 2003, Gali 2008) worlds in www.economics-ejournal.org 2 which something called ‘money’ serves as a numéraire but either has no existence as a store of value (currency, an account with the Central Bank or e-money) or yields no…”
News, Noise, and Fluctuations: An Empirical Exploration (2013, unknown): “nesian model Consider a standard New Keynesian model, as laid out, e.g., in Gali (2008).”
Dominant Currency Paradigm (2020, methodology): “As in Gaĺı (2008) we consider a Calvo pricing environment where firms are randomly chosen to reset prices with probability 1 − δp.”