Competitive moment matching of a New-Keynesian and an Old-Keynesian model

The paper considers two rival models referring to the new macroeconomic consensus: a standard three-equation model of the New-Keynesian variety versus dynamic adjustments of a business and an inflation climate in an ‘Old-Keynesian’ tradition. Over the two subperiods of the Great Inflation and Great...

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Veröffentlicht in:	Journal of economic interaction and coordination 2018-07, Vol.13 (2), p.201-239
1. Verfasser:	Franke, Reiner
Format:	Artikel
Sprache:	eng
Schlagworte:	Computer Appl. in Social and Behavioral Sciences Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Finance Inflation Keynesian theory Macroeconomics Mathematical and Computational Physics Regular Article Theoretical
Online-Zugang:	Volltext
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