New-Keynesian economics: An AS–AD view

Pierpaolo Benigno

Research in Economics, 2015, vol. 69, issue 4, 503-524

Abstract: A simple New-Keynesian model is set out with AS–AD graphical analysis. The model is consistent with modern central banking, which targets short-term nominal interest rates instead of money supply aggregates. This simple framework enables us to analyze the economic impact of productivity or mark-up disturbances and to study alternative monetary and fiscal policies.

Keywords: Aggregate supply; Aggregate demand; Stabilization Policies; Inflation Targeting; Debt Deleveraging; Liquidity trap (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (8)

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Working Paper: New-Keynesian Economics: An AS-AD View (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reecon:v:69:y:2015:i:4:p:503-524

DOI: 10.1016/j.rie.2015.07.005

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