The New Keynesian Approach to Monetary Policy Analysis

URI: https://gptkb.org/entity/The_New_Keynesian_Approach_to_Monetary_Policy_Analysis
GPTKB entity
Statements (28)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:analyzes effects of monetary policy shocks
gptkbp:assumes sticky wages
sticky prices
gptkbp:contrastsWith classical monetary policy analysis
gptkbp:developedBy economists in the late 20th century
gptkbp:emphasizes role of central bank rules
gptkbp:explains output fluctuations
inflation dynamics
short-run non-neutrality of money
gptkbp:focusesOn gptkb:economic_policy
https://www.w3.org/2000/01/rdf-schema#label The New Keynesian Approach to Monetary Policy Analysis
gptkbp:includes imperfect competition
rational expectations
nominal rigidities
gptkbp:influenced inflation targeting frameworks
modern central banking
gptkbp:notableContributor gptkb:Michael_Woodford
gptkb:Stanley_Fischer
gptkb:Gregory_Mankiw
gptkbp:relatedTo gptkb:New_Classical_economics
gptkb:Keynesian_economics
gptkbp:uses gptkb:IS_curve
gptkb:Taylor_rule
gptkb:Phillips_curve
dynamic stochastic general equilibrium models
gptkbp:bfsParent gptkb:Jordi_Galí
gptkbp:bfsLayer 7