The Perils of First-Order Conditions of New Keynesian Models
| Year of publication: |
2016
|
|---|---|
| Authors: | Kim, Bryce |
| Publisher: |
[2016]: [S.l.] : SSRN |
| Subject: | Neoklassische Synthese | Neoclassical synthesis | Geldpolitik | Monetary policy | Theorie | Theory |
| Description of contents: |
This paper presents a case where first-order conditions used for the Calvo sticky-price New Keynesian model is insufficient and in fact results in calculation of a wrong equilibrium
|
freely available
| Extent: | 1 Online-Ressource (3 p) |
|---|---|
| Type of publication: | Book / Working Paper |
| Language: | English |
| Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 11, 2016 erstellt |
| Other identifiers: | 10.2139/ssrn.2765202 [DOI] |
| Classification: | B41 - Economic Methodology ; C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C62 - Existence and Stability Conditions of Equilibrium ; E13 - Neoclassical ; E52 - Monetary Policy (Targets, Instruments, and Effects) |
| Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012994510