Praise for the previous edition: "This is a wonderfully elegant and accessible introduction to the contemporary New Keynesian paradigm, written by one of the leading experts in the field. This monograph presents what one should know in a clean, cogent, and concise manner. I fully expect it to become a standard reference for both students and researchers in the field.""—Mark Gertler, New York University A chapter in Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework, 2008 from Princeton University Press Keywords: monetary policy; inflation; business cycle; Keynes; welfare (search for similar items in EconPapers) Praise for the previous edition: "A state-of-the-art treatment of the emerging New Keynesian synthesis by one of the leaders in the field, Galí's book is a must-read for the next generation of macroeconomists.""—N. Gregory Mankiw, Harvard University

Praise for the previous edition: "This book provides an excellent introduction and exegesis of the New Keynesian model that is the current state of the art in the analysis of monetary policy. It will find a large audience with research economists, graduate students, and staffers in central banks around the world.""—Philip R. Lane, Trinity College Dublin Praise for the previous edition: "With this book, magician Galí has pulled another important rabbit out of his hat. The book will help to increase the popularity of the New Keynesian model with graduate students, tomorrow's policymakers, and today's policymakers alike. Therefore, it can be considered a real grassroots initiative.""—Christian Merkl, Journal of Economics If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.Jordi Galíis Senior Researcher at the Center for Research in International Economics (CREI), Professor at Universitat Pompeu Fabra and Research Professor at the Barcelona School of Economics. He has held academic positions at New York University and Columbia University. He has been a Visiting Professor at MIT. He is a Research Fellow at CEPR, a Research Associate atNBER, and a Fellow of the Econometric Society. He has served as a co-editor of the Journal of the European Economic Association and co-director of the CEPR International Macroeconomics Programme. In 2012 he served as President of the European Economic Association.

Praise for the previous edition: "Systematic and concise. This is a fine book that is likely to become the key basic text for graduate courses on monetary policy.""—Seppo Honkapohja, University of Cambridge Praise for the previous edition: "Authoritative. This book will be very useful to graduate students and to others seeking an introduction to modern work in this area.""—Michael Woodford, Columbia University He is a regular consultant to the ECB, the Sveriges Riksbank and the Norges Bank. His research interests include Macroeconomics and Monetary Theory, and has published articles on these topics in numerous scientific journals. Awards, Grants, and Honors Introduction to Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework