Fuhrer, Jeffrey C. (contributor); … - 2002 - [Elektronische Ressource]
2002
Abstract
New Keynesian macroeconomic models have generally emphasized that expecta-
tions of future output are a key … “New Keynesian”
(or “new synthesis” or “optimizing IS-LM”) model, which has been a very popular framework for
macroeconomic … analysis recently.
1
In its simplest form, the New Keynesian model is composed of
anoutput equation, which generalizes the …