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The New Keynesian approach to dynamic general equilibrium modeling : models, methods, and macroeconomic policy evaluation
Schmidt, Sebastian; Wieland, Volker - 2012
This chapter aims to provide a hands-on approach to New Keynesian models and their uses for macroeconomic policy analysis. It starts by reviewing the origins of the New Keynesian approach, the key model ingredients and representative models. Building blocks of current-generation dynamic...
Persistent link: https://www.econbiz.de/10010391304
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Chapter 22. The New Keynesian Approach to Dynamic General Equilibrium Modeling: Models, Methods and Macroeconomic Policy Evaluation
Schmidt, Sebastian; Wieland, Volker - In: Handbook of computable general equilibrium modeling : …, (pp. 1439-1512). 2013
This chapter aims to provide a hands-on approach to New Keynesian models and their uses for macroeconomic policy analysis. It starts by reviewing the origins of the New Keynesian approach, the key model ingredients and representative models. Building blocks of current-generation dynamic...
Persistent link: https://www.econbiz.de/10014025269
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Lucas, modern macroeconomics and the post Keynesians
Olesen, Finn - In: Post-Keynesian economics for the future : …, (pp. 198-209). 2024
Persistent link: https://www.econbiz.de/10014485690
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Interactive macroeconomics : a pluralist simulator
Prante, Franz J.; Barmucci, Alessandro; Hein, Eckhard; … - 2019
macroeconomic theory. For this purpose, we explicitly present two competing paradigms, the new-Keynesian and the post-Keynesian one …
Persistent link: https://www.econbiz.de/10011994508
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Microfoundations and Macroeconomics : 20 Years
Cachanosky, Nicolas - 2020
This paper summarizes Horwitz's contributions in Micro-foundations and Macroeconomics: An Austrian Perspective and …'s denomination of capital theory as a “missing link” in economic theory …
Persistent link: https://www.econbiz.de/10012837835
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On the macroeconomic implications of firm dynamics, banking, and reputation
Totzek, Alexander - 2011
Since the publication of Keynes' "General Theory of Employment, Interest, and Money" in 1936 many new ideas and … combine elements of the Real Business Cycle literature such as rational expectations, microfoundations, and the concept of the …
Persistent link: https://www.econbiz.de/10008907265
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Optimal monetary and fiscal policies in a search-theoretic model of money and unemployment
Gomis-Porqueras, Pedro; Julien, Benoît; Wang, Chengsi - 2010
Persistent link: https://www.econbiz.de/10009385485
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Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System
Cukierman, Alex - 2012
This paper develops a micro-founded general equilibrium model of the financial system composed of ultimate borrowers, ultimate lenders and financial intermediaries. The model is used to investigate the impact ofuncertainty about the likelihood of governmental bailouts on leverage,interest rates,...
Persistent link: https://www.econbiz.de/10013113858
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Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System
Cukierman, Alex - 2011
This paper develops a micro-founded general equilibrium model of the financial system composed of ultimate borrowers, ultimate lenders and financial intermediaries. The model is used to investigate the impact of uncertainty about the likelihood of governmental bailouts on leverage, interest...
Persistent link: https://www.econbiz.de/10013122330
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New theoretical foundations for economic policy
Dobrescu, Monica - In: Theoretical and applied economics : GAER review 21 (2014) 7, pp. 113-128
Persistent link: https://www.econbiz.de/10011557992