Results 141 to 150 of about 592,703 (193)

Exploring the impact of music on response to ketamine/esketamine: A scoping review. [PDF]

open access: yesNeurosci Biobehav Rev
Kheirkhah M   +13 more
europepmc   +1 more source

Bayesian New Neoclassical Synthesis (Nns) Models: Modern Tools for Central Banks

open access: yesJournal of the European Economic Association, 2005
This paper discusses the advantages of Bayesian New Neoclassical Synthesis models as tools for monetary policy analysis and forecasting. The combination of a sound, micro founded structure with a good probabilistic description of the observed data makes those models suitable for investigating the structural sources of business cycle fluctuations, for ...
Frank Smets, Rafael Wouters
semanticscholar   +3 more sources

In search of lost time: the neoclassical synthesis

open access: yesB E Journal of Macroeconomics, 2013
Present-day macroeconomics has sometimes been dubbed "the new neoclassical synthesis", suggesting that it constitutes a reincarnation of the neoclassical synthesis of the 1950s. This paper assesses this understanding. To this end, we examine the contents
Michel De Vroey, Pedro Garcia Duarte
exaly   +3 more sources

Fiscal Policy in the New Neoclassical Synthesis

Journal of Money, Credit, and Banking, 2003
We analytically derive the cyclical effects of fiscal policy shocks in a New Neoclassical Synthesis model. Price stickiness has the consequence that a rise in government demand affects labor demand, while at the same time the usual wealth effect boosts labor supply.
Ludger Linnemann, Andreas Schabert
openaire   +2 more sources

Scope and Flaws of the New Neoclassical Synthesis [PDF]

open access: possibleSSRN Electronic Journal, 2013
The current consensus in macroeconomics represented by the New Neoclassical Synthesis (NNS) is based on dynamically stochastic general equilibrium (DSGE) modeling with Real Business Cycle (RBC) core to which nominal rigidities are added by way of imperfect competition.
Ronny Mazzocchi
openaire   +2 more sources

A Brief Review of New Neoclassical Synthesis of Monetary Policy

open access: yesGLIMS 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
openaire   +2 more sources

Graphical Analysis of the New Neoclassical Synthesis

SSRN Electronic Journal, 2006
In this paper we present a graphical analysis framework for the new neoclassical synthesis, which can be used to explain and interpret the behavior of the new neoclassical model under shocks. We elaborate the role of expectations on output and inflation as well as the influence of the monetary authority.
Guido Giese, Helmut Wagner
openaire   +2 more sources

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