The new consensus from a traditional keynesian and post-keynesian perspective. A worthwhile foundation for research or just a waste of time?
"New Keynesian DSGE models propose a dynamic and expectational version of the old IS-LM paradigm. Acknowledging that the Taylor rule as a substitute for the LM-curve has its merits we show that standard DSGE models do not model how the central bank achieves its targets. In filling this gap we m...
| Main Author: | |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Düsseldorf
2009
HBS |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19186546124919047289-The-new-consensus-from-a-tradi.htm |
