Persistent Stochastic Shocks in a New Keynesian Model with Uncertainty

• Κύριος συγγραφέας: Kranz, Tobias (Συγγραφέας)
• Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
• Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Wiesbaden : Springer Fachmedien Wiesbaden : Imprint: Springer Gabler, 2017.
• Σειρά: BestMasters
• Θέματα: Economic theory.; Macroeconomics.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Economic Theory/Quantitative Economics/Mathematical Methods.

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...

Πίνακας περιεχομένων:

• 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.