Results 151 to 160 of about 20,206,702 (205)

International Adjustment in the New Neoclassical Synthesis [PDF]

open access: yes, 2007
This paper applies principles of the New Neoclassical Synthesis (NNS) to questions of international trade and financial adjustment. The analytical framework is a 2-country, 2-good, 2-period model designed to explore the behavior of the balance of payments, the terms of trade, and aggregate fluctuations in terms of interest rate and exchange rate ...
Marvin Goodfriend, Goodfriend, Marvin
openaire   +3 more sources

Credit and Prices in Woodford's New Neoclassical Synthesis [PDF]

open access: yesEconomic Thought, 2015
Following recent debates on the New Neoclassical Synthesis, the theory of monetary policy has been renewed. The prevailing method, illustrated by Woodford's version of Interest and Prices, is a Dynamic Stochastic General Equilibrium Model in which the old LM curve is voluntarily substituted by an optimal monetary rule.
Alexander Tobon, Nicolas Barbaroux
openaire   +2 more sources

Monetary Policy in the New Neoclassical Synthesis: A Primer [PDF]

open access: possibleInternational 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.
openaire   +1 more source

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   +1 more source

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   +1 more source

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.
openaire   +1 more source

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