Suchergebnisse
Suchergebnisse:
Vor 2 Tagen · Joseph Eugene Stiglitz (/ ˈ s t ɪ ɡ l ɪ t s /; born February 9, 1943) is an American New Keynesian economist, a public policy analyst, and a full professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979).
Vor 4 Tagen · New Keynesian economics: crucial source of recovery. Challenging the traditional view, monetarists and New Keynesians like J. Bradford DeLong, Lawrence Summers and Christina Romer argued that recovery was essentially complete prior to 1942 and that monetary policy was the crucial source of pre-1942 recovery.
Vor 2 Tagen · New classical economists argued that abandoning the disequilibrium models of Keynesianism and focusing on structure- and behavior-based equilibrium models would remedy these faults. Keynesian economists responded by building models with microfoundations grounded in stable theoretical relationships.
9. Mai 2024 · Keynesian economics is a macroeconomic theory of total spending in the economy and its effects on output, employment, and inflation. It was developed by British economist John Maynard Keynes...
21. Mai 2024 · Chapter 5, entitled “A Basic Version of Micro-founded Neo-Keynesian Model” introduces the reader to the study of New Keynesian Economics (NKE). It does so by considering and analytically comparing various production technology formats (linear, Cobb-Douglas, and CES) and elaborating on the aspects of monopolistic competition, a fundamental contribution by Dixit and Stiglitz ( 1977 )(see ...
21. Mai 2024 · After introducing Calvo stickiness and Rotemberg stickiness in price formation, this chapter considers the general equilibrium of the new Keynesian economics (NKE) model with linear production technology and sets out Blanchard-Kahn conditions for stability and uniqueness of solutions and a DYNARE code for the definitive basic model ...
17. Mai 2024 · Using a micro-founded New Keynesian monetary policy model for the US economy, we then show that the structural VARs are capable of reproducing the price puzzle from artificial data only when monetary policy is passive and hence multiple equilibria arise.
