THE NEW KEYNESIAN THEORY AND ITS ASSOCIATED MODEL
The basic new Keynesian model rendered in this paper, as well as the analysis of the reaction of economic variables to the occurrence of a structural, monetary policy shock, strengthen the hypothesis exposed at pure theoretical level, namely the active role of Central Banks in economy, the classical...
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| Format: | Article |
| Language: | English |
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Romanian Foundation for Business Intelligence
2016-12-01
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| Series: | Network Intelligence Studies |
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| Online Access: |
http://seaopenresearch.eu/Journals/articles/NIS_8_5.pdf
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