Money and Information in a New Neoclassical Synthesis Framework [PDF]
We consider an (otherwise standard) New Neoclassical Synthesis theoretical framework that allows a role for money. Money in our model has an informational role which facilitates the estimation of the unobserved shocks that drive potential output and thus the state of the economy.
Arestis, Philip +2 more
core +8 more sources
The Labour Market in a New Neoclassical Synthesis Model with Nominal Wage Rigidities
The aim of this article is to review a body of research that uses labour market components to build models of Dynamic Stochastic General Equilibrium (DSGE) and to assess the implications of such models for monetary policy.
Przemysław Włodarczyk
doaj +2 more sources
The origin and development of economic hermeneutics inside Soviet Marxism and neoclassical synthesis [PDF]
Introduction. This article is an analysis of the factors of the emergence and development of economic hermeneutics. The stereotypical ideas about the total ideological unification of political economy in the USSR during the period of Soviet Marxism ...
Fenin, Cyril V.
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Revisiting Inflation Concepts: Orthodox Modifications and Heterodox Alternatives [PDF]
Amid rising global inflation, traditional monetary policies face challenges, prompting a reevaluation of their theoretical foundations and a surge in interest in alternative perspectives. This article examines recent alterations to conventional inflation
Yulia L. Plushchevskaya +1 more
doaj +1 more source
Application of the IS-PC-MR model in the modern macroeconomics [PDF]
In contemporary economic literature, very significant position takes 'new' neoclassical synthesis, which refers to the consensus about the role of monetary policy in the modern economy, the role of expectations, the importance of money and looking ...
Kalinić Ljubina
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Global overview of modern financing typologies to mitigate financial risks in developed countries [PDF]
In this study, we reviewed the laws and legal regulations that mandate banks and financial services organizations to implement anti-money laundering efforts which are responsible to detect and mitigate the risks of money laundering and modern financing ...
Sina Patel +2 more
doaj +1 more source
Monetary Reaction Function in Indonesia During Inflation Targeting Period
This study analyzes the monetary reaction function with shocks and the fear of floating phenomenon in the inflation targeting period in Indonesia. This study uses a new neoclassical synthesis approach.
Aloysius Deno Hervino +3 more
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The New Neoclassical Synthesis and the Role of Monetary Policy [PDF]
Macroeconomics is moving toward a New Neoclassical Synthesis, which like the synthesis of the 1960s melds Classical with Keynesian ideas. This paper describes the key features of the new synthesis and its implications for the role of monetary policy. We find that the New Neoclassical Synthesis rationalizes an activist monetary policy which is a simply ...
Marvin Goodfriend, Robert G. King
openaire +4 more sources
Los precios en la nueva síntesis neoclásica-keynesiana en macroeconomía [PDF]
The aim of this paper is to study the role that prices play in the New Neoclassical Synthesis. It is shown that although the New Synthesis emphasizes the importance of having a monetary theory to recommend monetary policies, it essentially offers the ...
Alexander Tobón
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Personal or group motivation: which tool is more efficient
In the context of the economic landscape dynamic transformations, the values and behavioral characteristics of an economic agent undergo changes. The head of the organization faces new challenges: how to manage the behavior of the consumers and employees
G. N. Ryazanova
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