{"id":"https://openalex.org/W3124612155","doi":"https://doi.org/10.1017/ccol0521818745.006","title":"New Perspectives on Monetary Policy, Inflation, and the Business Cycle","display_name":"New Perspectives on Monetary Policy, Inflation, and the Business Cycle","publication_year":2008,"publication_date":"2008-12-12","ids":{"openalex":"https://openalex.org/W3124612155","doi":"https://doi.org/10.1017/ccol0521818745.006","mag":"3124612155"},"language":"en","primary_location":{"id":"doi:10.1017/ccol0521818745.006","doi":"https://doi.org/10.1017/ccol0521818745.006","is_oa":false,"landing_page_url":"https://doi.org/10.1017/ccol0521818745.006","pdf_url":null,"source":{"id":"https://openalex.org/S4306462995","display_name":"Cambridge University Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Advances in Economics and Econometrics: Theory and Applications: Eighth World Congress Vol III","raw_type":"book-chapter"},"volume":{"id":"https://openalex.org/W4236154512","display_name":"Advances in Economics and Econometrics: Theory and Applications: Eighth World Congress Vol III"},"type":"book-chapter","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5076507287","display_name":"Jordi Gal\u00ed Y","orcid":"https://orcid.org/0000-0003-4950-7462","observed_orcids":["https://orcid.org/0000-0003-4950-7462"]},"institutions":[{"id":"https://openalex.org/I1311060795","display_name":"U.S. National Science Foundation","ror":"https://ror.org/021nxhr62","country_code":"US","type":"government","lineage":["https://openalex.org/I1311060795"]},{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Jordi Gal\u00ed","raw_affiliation_strings":["25 08005 Barcelona Spain","Financial support from the National Science Foundation, the C.V. Starr Center for Applied Economics,","NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"25 08005 Barcelona Spain","institution_ids":[]},{"raw_affiliation_string":"Financial support from the National Science Foundation, the C.V. Starr Center for Applied Economics,","institution_ids":["https://openalex.org/I1311060795"]},{"raw_affiliation_string":"NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138","institution_ids":["https://openalex.org/I1321305853"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5076507287"],"corresponding_institution_ids":["https://openalex.org/I1311060795","https://openalex.org/I1321305853"],"apc_list":null,"apc_paid":null,"fwci":10.2349,"has_fulltext":false,"cited_by_count":45,"citation_normalized_percentile":{"value":0.98386374,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":null,"issue":null,"first_page":"151","last_page":"197"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9932000041007996,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9932000041007996,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.006300000008195639,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.9990000128746033},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.9890000224113464},{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.9509999752044678},{"id":"https://openalex.org/keywords/nominal-rigidities","display_name":"nominal rigidities","score":0.996999979019165},{"id":"https://openalex.org/keywords/general-equilibrium-model","display_name":"general equilibrium model","score":0.7480000257492065},{"id":"https://openalex.org/keywords/optimization-model","display_name":"optimization model","score":0.8360000252723694},{"id":"https://openalex.org/keywords/monetary-policy-transmission","display_name":"monetary policy transmission","score":0.5759999752044678}],"concepts":[{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.8096566200256348},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.7630393505096436},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7372089624404907},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.7325432300567627},{"id":"https://openalex.org/C12713177","wikidata":"https://www.wikidata.org/wiki/Q1900281","display_name":"Perspective (graphical)","level":2,"score":0.6591849327087402},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.539364218711853},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.49799633026123047},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.47148916125297546},{"id":"https://openalex.org/C185824701","wikidata":"https://www.wikidata.org/wiki/Q1193759","display_name":"Inflation targeting","level":3,"score":0.46746256947517395},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.10682329535484314},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.04417544603347778},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1017/ccol0521818745.006","doi":"https://doi.org/10.1017/ccol0521818745.006","is_oa":false,"landing_page_url":"https://doi.org/10.1017/ccol0521818745.006","pdf_url":null,"source":{"id":"https://openalex.org/S4306462995","display_name":"Cambridge University Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Advances in Economics and Econometrics: Theory and Applications: Eighth World Congress Vol III","raw_type":"book-chapter"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.4699999988079071}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":39,"referenced_works":["https://openalex.org/W1479821893","https://openalex.org/W1503720269","https://openalex.org/W1564595839","https://openalex.org/W1579181972","https://openalex.org/W1585441176","https://openalex.org/W1811963277","https://openalex.org/W1985868265","https://openalex.org/W1988562848","https://openalex.org/W1994121926","https://openalex.org/W1995872895","https://openalex.org/W2000383817","https://openalex.org/W2014077903","https://openalex.org/W2014250000","https://openalex.org/W2017177309","https://openalex.org/W2019551238","https://openalex.org/W2028238460","https://openalex.org/W2038998530","https://openalex.org/W2064098724","https://openalex.org/W2089853409","https://openalex.org/W2093972087","https://openalex.org/W2118859990","https://openalex.org/W2119005210","https://openalex.org/W2121957823","https://openalex.org/W2127680685","https://openalex.org/W2140898820","https://openalex.org/W2148925703","https://openalex.org/W2167964977","https://openalex.org/W2235811297","https://openalex.org/W2741645584","https://openalex.org/W3022712314","https://openalex.org/W3121687115","https://openalex.org/W3122230798","https://openalex.org/W3123859957","https://openalex.org/W3125985779","https://openalex.org/W3142862859","https://openalex.org/W4229893042","https://openalex.org/W4247765758","https://openalex.org/W4298131784","https://openalex.org/W4302820715"],"related_works":["https://openalex.org/W7096264902","https://openalex.org/W7100814439","https://openalex.org/W2263222524","https://openalex.org/W7100294234","https://openalex.org/W3157249732","https://openalex.org/W2278107416","https://openalex.org/W988647837","https://openalex.org/W7100637315","https://openalex.org/W7002268948","https://openalex.org/W3123515574"],"abstract_inverted_index":{"The":[0],"present":[1],"paper":[2,21],"provides":[3,33],"an":[4,54],"overview":[5],"of":[6,12,18,25,53],"recent":[7,31],"developments":[8],"in":[9,15,28],"the":[10,16,23,30,38,45,51,65],"analysis":[11],"monetary":[13,41],"policy":[14],"presence":[17],"nominal":[19],"rigidities.The":[20],"emphasizes":[22],"existence":[24],"several":[26],"dimensions":[27],"which":[29],"literature":[32],"a":[34],"new":[35],"perspective":[36],"on":[37,64],"linkages":[39],"among":[40],"policy,":[42],"inflation,":[43],"and":[44],"business":[46],"cycle.It":[47],"is":[48],"argued":[49],"that":[50],"adoption":[52],"explicitly":[55],"optimizing,":[56],"general":[57],"equilibrium":[58],"framework":[59],"has":[60,68],"not":[61],"been":[62,79],"superfluous;":[63],"contrary,":[66],"it":[67],"yielded":[69],"many":[70],"insights":[71],"which,":[72],"by":[73],"their":[74],"nature,":[75],"could":[76],"hardly":[77],"have":[78],"obtained":[80],"with":[81],"earlier":[82],"non-optimizing":[83],"models.":[84]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-17T09:40:24.721904","created_date":"2021-02-01T00:00:00"}
