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Newkeynesian models for monetary policy analysis under sticky prices

 

Marketed By :  VDM Verlag Dr. Müller   Sold By :  Kamal Books International  
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  • Product Description
 

In literature, several works are focused on monetary policy models whose aim is the analysis of the stability of systems where private sector expectations are involved. The macroeconomic context is represented by a forward-looking model, derived from a dynamic stochastic general equilibrium framework where the agents behave optimally. The largest part of these models are presented as a simplified version of a more general context, obtained by log-linearizing the equilibrium relations in order to study small fluctuations around the steady-state. This book, departing from this starting point, tries to go beyond the log-linearized model, providing a nonlinear framework in order to establish the conditions for a unique path converging to the steady-state stationary solution, either the so called determinacy.

Product Specifications
SKU :COC69174
AuthorAlessandra Cornaro
LanguageEnglish
BindingPaperback
Number of Pages148
Publishing Year2011-02-10T00:00:00.000
ISBN978-3639284164
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandVDM Verlag Dr. Müller
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08 00:00:00