|
gptkbp:instanceOf
|
school of economic thought
|
|
gptkbp:contrastsWith
|
gptkb:Real_Business_Cycle_theory
gptkb:New_Classical_School
|
|
gptkbp:emergedIn
|
1980s
|
|
gptkbp:emphasizes
|
imperfect competition
price stickiness
|
|
gptkbp:focusesOn
|
macroeconomics
|
|
gptkbp:hasConcept
|
sticky wages
menu costs
sticky prices
efficiency wages
nominal rigidities
microfoundations
|
|
gptkbp:hasModel
|
gptkb:Dynamic_Stochastic_General_Equilibrium_(DSGE)_models
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
New Keynesian School
|
|
gptkbp:influencedBy
|
gptkb:John_Maynard_Keynes
gptkb:Keynesian_School
gptkb:Monetarist_School
|
|
gptkbp:notableFigure
|
gptkb:Jordi_Galí
gptkb:Olivier_Blanchard
gptkb:Stanley_Fischer
gptkb:David_Romer
gptkb:Gregory_Mankiw
|
|
gptkbp:partOf
|
gptkb:Keynesian_economics
|
|
gptkbp:relatedTo
|
gptkb:economic_policy
gptkb:Taylor_rule
gptkb:IS-LM_model
gptkb:Phillips_curve
rational expectations
central banking
aggregate demand
price rigidity
business cycles
aggregate supply
output gap
macroeconomic stabilization
inflation targeting
expectations management
market imperfections
wage rigidity
monetary neutrality
monetary policy transmission
real shocks
nominal shocks
|
|
gptkbp:response
|
gptkb:New_Classical_School
|
|
gptkbp:supports
|
gptkb:public_policy
active monetary policy
|
|
gptkbp:bfsParent
|
gptkb:Chicago_School
|
|
gptkbp:bfsLayer
|
6
|