Introduction, Part 2

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Chapter 7 in Optimal Monetary Policy under Uncertainty, Second Edition, 2019, pp 129-139 from Edward Elgar Publishing

Abstract: Chapter 7 marks the beginning of the discussion of the New Keynesian framework which many economists view as the workhorse model of modern macroeconomics. This chapter highlights briefly the differences between the New Keynesian framework and its predecessor, the aggregate supply-aggregate demand framework, and lays the ground work for evaluating the performance of alternative policy strategies.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2019
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