en fr The analytics of the New Keynesian 3-equation Model Analyses du modèle à 3 équations de la Nouvelle Macroéconomie Keynésienne Report as inadecuate




en fr The analytics of the New Keynesian 3-equation Model Analyses du modèle à 3 équations de la Nouvelle Macroéconomie Keynésienne - Download this document for free, or read online. Document in PDF available to download.

1 CREM - Centre de Recherche en Economie et Management 2 PUEB - Poznań University of Economics and Business

Abstract : This paper aims at providing a self-contained presentation of the ideas and solution procedure of New Keynesian Macroeconomics models. Using the benchmark - 3 equation model - , we introduce the reader to an intuitive, static version of the model before incorporating more technical aspects associated with the dynamic nature of the model. We then discuss the relative contribution of supply, demand and policy shocks to the fluctuations of activity, inflation and interest rates, depending on the key underlying parameters of the economy.

Keywords : Taylor rule output gap New Keynesian Phillips Curve New Keynesian Macroeconomics Dynamic IS curve impulse response analysis





Author: Jean-Christophe Poutineau - Karolina Sobczak - Gauthier Vermandel -

Source: https://hal.archives-ouvertes.fr/



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