Mazzocchi, Ronny - Dipartimento di Politica Economica, Finanza e Sviluppo … - 2010
The current consensus in macroeconomics, or New Neoclassical Synthesis (NNS), is based on dynamically stochastic general equilibrium (DSGE) modelling with a RBC core to which nominal rigidities are added by way of imperfect competition. The strategy is to minimize the frictions that are required...