Grundzuege der Neuen Keynesianischen Makrooekonomik

Franco Reither ()
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Franco Reither: Helmut Schmidt University, Hamburg, Postal: University FAF Hamburg, P.O. Box 700822, D-22039 Hamburg, Germany, Voice (+49)(+40) 6541-2879, Fax (+49)(+40) 6541-2043

No 19/2003, Working Paper from Helmut Schmidt University, Hamburg

Abstract: Die Neue Keynesianische Makrooekonomik bietet ein alternatives Paradigma zum herkoemmlichen IS-LM-Modell. Ihre Grundzuege werden anhand einer sehr einfachen Version vorgestellt. Die dynamischen Implikationen der Methodik rationaler Erwartungen werden erlaeutert. Es zeigen sich Grenzen fuer die Ausgestaltung der Geldpolitikregel, um Existenz, Eindeutigkeit und Konvergenz des Gleichgewichtspfades zu gewaehrleisten.

Keywords: monetary policy; IS-LM; interest rate rules; determinacy; new keynesian macroeconomics (search for similar items in EconPapers)
JEL-codes: E42 E52 E58 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2003-08
Note: revised in December 2003
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