Persistent Stochastic Shocks in a New Keynesian Model with Uncertainty /
The book introduces the New Keynesian framework, historically through a literature overview and through a step-by-step derivation of a New Keynesian Phillips curve, an intertemporal IS curve, and a targeting rule for the central bank. This basic version is then expanded by introducing cost and deman...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Wiesbaden :
Springer Fachmedien Wiesbaden : Imprint: Springer Gabler,
2017.
|
| Series: | BestMasters.
|
| Subjects: | |
| Online Access: | Connect to this title online |
Table of Contents:
- Historical recapitulation of DSGE Modeling
- Derivation of a basic New Keynesian Model
- Augmentation with persistent shocks and uncertainty
- Comparative statics and a wide range of numerical simulations
- Mathematical concepts and background information in the appendix.