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Money and Information in a New Neoclassical Synthesis Framework [PDF]
The Economic Journal, 2010 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
semanticscholar +9 more sources
Monetary Policy in the New Neoclassical Synthesis: A Primer [PDF]
International Finance, 2002 This primer provides an understanding of the mechanics and objectives of monetary policy using a benchmark new neoclassical synthesis (NNS) macromodel. The NNS model incorporates classical features such as a real business cycle (RBC) core and Keynesian features such as monopolistically competitive firms and costly price adjustment.
M. Goodfriend
semanticscholar +4 more sources
The Labour Market in a New Neoclassical Synthesis Model with Nominal Wage Rigidities
Gospodarka Narodowa. The Polish Journal of Economics, 2018 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 +3 more sources
General equilibrium and the new neoclassical synthesis [PDF]
Economic Theory, 2012 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
P. Herings
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The New Neoclassical Synthesis and the Role of Monetary Policy [PDF]
NBER Macroeconomics Annual, 1997 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
semanticscholar +5 more sources
„THE NEW NEOCLASSICAL SYNTHESIS“ – NEW ECONOMIC TREND
Globalization and Business, 2018 This work deals with the objective prerequisites for the origin of the “new neoclassical synthesis” which is in the process of formation, goals, tasks; the need to use this new trend in the country’s economic policy is justified. An explanation is given to the organic linkage of the public sector economics with the “new neoclassical synthesis” and its ...
R. Asatiani
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A Brief Review of New Neoclassical Synthesis of Monetary Policy
GLIMS Journal of Management Review and Transformation, 2023 This article reviews the central tenants of the New Neoclassical Synthesis of monetary policy. Starting with the optimising behaviour of central banks, this article reviews different theoretical developments like the role of expectations, the Taylor Principle, time-inconsistency, central bank independence and the importance of financial markets for ...
Taufeeq Ajaz
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[The New Neoclassical Synthesis and the Role of Monetary Policy]: Comment [PDF]
NBER Macroeconomics Annual, 1997 O. Blanchard
semanticscholar +4 more sources
The origin and development of economic hermeneutics inside Soviet Marxism and neoclassical synthesis [PDF]
Известия Саратовского университета. Новая серия: Серия «Экономика. Управление. Право», 2023 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]
AlterEconomics, 2023 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
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