Police Manager and Monetary Policy Inflation and the Business Cycle

Police Manager

Author: Ronald G Lynch

The Police Manager provides step-by-step procedures to help police administrators execute their duties and fulfill responsibilities more efficiently, effectively, and productively. The sixth edition contains two new chapters — Succession Planning and The School Resource Program. Other chapters have been updated with the latest theories, practices and data.

Divided into three sections — behavioral aspects of police management, functional aspects of police management, and modern police management: major issues — it introduces the reader to a broad range of topics with which all police managers should be familiar.

Booknews

A textbook intended to be used with others for a full description of the roles and responsibilities of police administrators. Combines theory with practical applications of techniques. An instructor's manual is available. Revised from the 1995 edition with new chapters called Top of the Hill, Creating a Breed of Super Sergeants, Accreditation, and Leading a Small/Medium Sized Law Enforcement Agency. Annotation c. by Book News, Inc., Portland, Or.

Book review: Career Development Interventions in the 21st Century and Organization Development

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

Author: Jordi Gali

The New Keynesian framework has emerged as the workhorse for the analysis of monetary policy and its implications for inflation, economic fluctuations, and welfare. It is the backbone of the new generation of medium-scale models under development at major central banks and international policy institutions, and provides the theoretical underpinnings of the inflation stability-oriented strategies adopted by most central banks throughout the industrialized world. This graduate-level textbook provides an introduction to the New Keynesian framework and its applications to monetary policy.

Using a canonical version of the New Keynesian model as a reference framework, Jordi Galí explores issues pertaining to the design of monetary policy, including the determination of the optimal monetary policy and the desirability of simple policy rules. He analyzes several extensions of the baseline model, allowing for cost-push shocks, nominal wage rigidities, and open econo my factors. In each case, the implications for monetary policy are addressed, with a special emphasis on the desirability of inflation targeting policies.

• The most up-to-date and accessible introduction to the New Keynesian framework available
• Uses a single benchmark model throughout
• Concise and easy to use
• Includes exercises
• An ideal resource for graduate students, researchers, and market analysts

Table of Contents:

Preface     ix
Introduction     1
A Classical Monetary Model     15
The Basic New Keynesian Model     41
Monetary Policy Design in the Basic New Keynesian Model     71
Monetary Policy Tradeoffs: Discretion versus Commitment     95
A Model with Sticky Wages and Prices     119
Monetary Policy and the Open Economy     149
Main Lessons and Some Extensions     185
Index     195