New Keynesian Theory

The paper proposes an empirical VAR for the UK open economy in order to measure the effects of monetary policy shocks from 1981 to 2003. The identification of the VAR structure is based on short-run restrictions that are consistent with the general implications of a New Keynesian model. The identification scheme used in the paper is successful in identifying monetary policy shocks and solving the puzzles and anomalies regarding the effects of monetary policy shocks.

37p pnq9292 14-03-2017 71 4   Download

Bài giảng "Kinh tế vĩ mô nâng cao - Chapter 16: Advances in business cycle theory" trình bày các nội dung: Advances in business cycle theory, new keynesian economics.

8p bautroibinhyen11 03-01-2017 79 8   Download

Bài giảng "Kinh tế vĩ mô - Chapter 19: Advances in Business Cycle Theory" cung cấp cho người học các kiến thức: An overview of recent work in two areas, real business cycle theory, new keynesian economics. Mời các bạn cùng tham khảo nội dung chi tiết.

8p doinhugiobay_13 26-01-2016 73 1   Download