New Keynesian Macroeconomics
New Keynesian macroeconomics : Empirically tested in the case of Republic of Macedonia
... test New Keynesian propositions about inflation and unemployment trade off with the New Keynesian Phillips curve and the proposition of non-neutrality of ...the New-Keynesian ...
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Agent-based financial markets and New Keynesian macroeconomics: A synthesis
... mainstream macroeconomics to provide an explanation of the current crisis and an agenda of how to deal with it, a number of authors are calling for the use of ABC models in ...
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Agent–Based Keynesian Macroeconomics An Evolutionary Model Embedded in an Agent–Based Computer Simulation
... ‘New Keynesian’ macroeconomics, the state–of–the–art in modern monetary theory) real ef- fects of monetary policy are exclusively based upon the existence of price ...a new flexible–price ...
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The New Open Economy Macroeconomics of Working Habits
... in macroeconomics and finance, labor supply in habit formation is also very important due to the fact that it plays an important role in determining labor ...
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Real wage rigidities and the new Keynesian model
... baseline new Keynesian model, with staggered price setting and no labor market dis- tortions, and use it to illustrate the shortcomings discussed ...
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Real Wage Rigidities and the New Keynesian Model
... baseline new Keynesian model, with staggered price setting and no labor market dis- tortions, and use it to illustrate the shortcomings discussed ...
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An account of new developmentalism and its structuralist macroeconomics
... “the new macroeconomic model for Brazil should be based on the pillars: flexible inflation targets regime, a fiscal regime based on the generation of government current account surpluses generation, and foreign ...
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Topic 7: The New-Keynesian Phillips Curve
... The Phillips curve has been a central topic in macroeconomis since the 1950s and its successes and failures have been a major element in the evolution over time of the discipline. We will now discuss how a popular modern ...
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Booms and Busts: New Keynesian and Behavioral Explanations
... The modeling approach presented in this paper is not the only possible one to model agents’ behaviour under imperfect information. In fact, a large literature has emerged attempting to introduce imperfect information ...
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Macroeconomic fluctuations in a New Keynesian disequilibrium model
... current New Keynesian modeling framework by changing one crucial aspect: it replaces the general equilibrium assumption by the arguably more realistic assumption of macroeconomic ...analysis, New ...
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Re assessing New Keynesian paradox of flexibility
... We argue that the paradox of flexibility - that more flexi- ble price results in worse outcomes when zero lower bound is binding - is ruled out once we consider an implicit equilib- rium selection mechanism used when ...
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The science of monetary policy: A new Keynesian perspective
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Disinflation and the NAIRU in a New Keynesian New Growth Model (Extended Version)
... the New Growth model, di¤erences in policy function parameters consistent with the CGG evidence can contribute to explaining the di¤erent evolutions of the unemployment rate in Germany as compared to the United ...
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(4) Hybrid New-Keynesian (price) Phillips Curve.pdf
... The other type of firm bases its decision on the recent history of aggregate price - so-called rule of thumb (RoT hereafter) behaviour - when choosing prices: this is called backward loo[r] ...
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Firm Specific Capital and the New Keynesian Phillips Curve
... the New Keynesian Phillips curve that are not actually necessary in or- der to obtain a relation between aggregate time series of that form, and that are not realistic, ...
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Peculiar Results and Theoretical Inconsistency of New Keynesian Models
... under New Keynesian solution-picking assumptions, the model is ...standard New Keynesian ...the New Keynesian model, expected long-run interest rates set by market may be more of ...
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Autoregression Based Estimation of the New Keynesian Phillips Curve
... We propose an estimation method of the new Keynesian Phillips curve (NKPC) based on a univariate noncausal autoregressive model for the inflation rate. By construction, our approach avoids a number of ...
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Peculiar Results and Theoretical Inconsistency of New Keynesian Models
... basic New Keynesian model leads to in- consistency in the ...basic New Keynesian model to classical monetary model, which does not end up being inconsistent only when mass of varieties 0 < ...
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Optimal Monetary Policy in Behavioral New Keynesian Model
... Optimal Monetary Policy in Behavioral New Keynesian Model Lahcen, BOUNADER Mohammed V University-Agdal, Rabat, Morocco.[r] ...
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Disaster risk and preference shifts in a New Keynesian model
... full-fleshed New Keynesian model is critical here, not just in order to create a richer macroeconomic setting and broaden the spectrum of potential policy analysis, but because it literally inverts most of ...
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