The Analytics of the New Keynesian 3-equation Model

• Autorzy: Jean-Christophe Poutineau , Karolina Sobczak , Gauthier Vermandel
• Języki publikacji: EN

Abstrakty

EN

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 rate, depending on the key underlying parameters of the economy.(original abstract)

Słowa kluczowe

EN

Neokeynesian; Economy; Multi-equation models

PL

Neokeynesizm; Gospodarka; Modele wielorównaniowe

• Czasopismo: Economics and Business Review
• Rocznik: 2015
• Tom: 1 (15)
• Numer: nr 2
• Strony: 110--129

Twórcy

autor

Jean-Christophe Poutineau

• Université de Rennes, France

autor

Karolina Sobczak

• Poznań University of Economics

autor

Gauthier Vermandel

• Université de Rennes, France

Bibliografia

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Identyfikatory

DOI

10.18559/ebr.2015.2.6