Spatiotemporal evolution characteristics and influencing factors of digital industry in China. [PDF]
Zhang H +5 more
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Power shift in the transformation and upgrading of the service sector-Empirical evidence from China. [PDF]
Geng X.
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The influence of miasmatic theory on the construction of the Hospital Geral de Santo António in Porto in the nineteenth century. [PDF]
Palma M.
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Exploring the impact of music on response to ketamine/esketamine: A scoping review. [PDF]
Kheirkhah M +13 more
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Bayesian New Neoclassical Synthesis (Nns) Models: Modern Tools for Central Banks
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
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
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Fiscal Policy in the New Neoclassical Synthesis
Journal of Money, Credit, and Banking, 2003We 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
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Scope and Flaws of the New Neoclassical Synthesis [PDF]
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
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A Brief Review of New Neoclassical Synthesis of Monetary Policy
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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Graphical Analysis of the New Neoclassical Synthesis
SSRN Electronic Journal, 2006In 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
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