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gptkbp:instanceOf
|
school of economic thought
|
|
gptkbp:contrastsWith
|
gptkb:New_Classical_economics
gptkb:Real_Business_Cycle_theory
|
|
gptkbp:countryOfOrigin
|
gptkb:United_Kingdom
gptkb:United_States
|
|
gptkbp:debatedBy
|
gptkb:Monetarism
gptkb:New_Classical_economics
Austrian economics
Post-Keynesian economics
|
|
gptkbp:emergedIn
|
1970s
1980s
|
|
gptkbp:emphasizes
|
imperfect competition
price stickiness
wage stickiness
|
|
gptkbp:focus
|
microeconomic foundations of macroeconomics
|
|
gptkbp:hasConcept
|
menu costs
efficiency wages
nominal rigidities
staggered price setting
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
New Keynesian economics
|
|
gptkbp:influenced
|
central banking
modern macroeconomic policy
monetary policy frameworks
|
|
gptkbp:influencedBy
|
gptkb:New_Classical_economics
gptkb:Keynesian_economics
microeconomics
|
|
gptkbp:keyFigure
|
gptkb:Jordi_Galí
gptkb:Olivier_Blanchard
gptkb:John_B._Taylor
gptkb:Stanley_Fischer
gptkb:David_Romer
gptkb:Gregory_Mankiw
|
|
gptkbp:notableWork
|
gptkb:'New_Keynesian_Economics'_by_Mankiw_and_Romer_(1991)
gptkb:'Small_Menu_Costs_and_Large_Business_Cycles'_by_Mankiw_(1985)
gptkb:'The_New_Neoclassical_Synthesis_and_the_Role_of_Monetary_Policy'_by_Goodfriend_and_King_(1997)
gptkb:'Time_to_Build_and_Aggregate_Fluctuations'_by_Kydland_and_Prescott_(1982)
|
|
gptkbp:partOf
|
gptkb:Keynesian_economics
|
|
gptkbp:publishedIn
|
gptkb:Brookings_Papers_on_Economic_Activity
gptkb:American_Economic_Review
gptkb:Quarterly_Journal_of_Economics
|
|
gptkbp:relatedTo
|
gptkb:Dynamic_Stochastic_General_Equilibrium_models
gptkb:Taylor_rule
gptkb:IS-LM_model
gptkb:Phillips_curve
|
|
gptkbp:supports
|
active fiscal policy
active monetary policy
|
|
gptkbp:teaches
|
importance of expectations
policy effectiveness in short run
role of market imperfections
|
|
gptkbp:bfsParent
|
gptkb:Keynesian_economics
gptkb:Gregory_Mankiw
|
|
gptkbp:bfsLayer
|
5
|