Since the publication of Keynes' "General Theory of Employment, Interest, and Money" in 1936 many new ideas and … control for the inflation rate. Fourth, traditional New Keynesian approaches analyze the impacts of fiscal stimuli on standard …

Analyses a New Keynesian model linearised around a possibly positive trend inflation rate. The trend inflation, i ….e. target inflation rate, is brought about either by a forward-looking or contemporaneous Taylor rule. Technical analysis of … versions of trend-inflation dependent price-setting frequencies. Like in many other studies, welfare considerations do not …