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...lanchard |first2=Jordi |last2=Galí |title=Real Wage Rigidities and the New Keynesian Model |journal=Journal of Money, Credit and Banking |volume=39 |issue=1 |pa ...amsey rule]] and the [[Taylor rule]] on the demand side, the so-called New Keynesian [[Phillips curve]] (NKPC) is the following: ...

[[Category:Keynesian economics]] [[Category:Economics models]] ...

...ame="Mullineux 1984" /> This model is based on the Keynesian [[multiplier (economics)|multiplier]], which is a consequence of assuming that consumption intentio {{seealso|Multiplier (economics)#Keynesian and Hansen–Samuelson multipliers}} ...

In [[economics]], the '''loanable funds doctrine''' is a theory of the market interest rat == Comparison with classical and Keynesian approaches == ...

...Calvo model is the most common way to model [[nominal rigidity]] in [[new Keynesian]] [[DSGE]] [[macroeconomic models]]. ...responded and remained fixed. This contrasts with the [[Taylor Contracts (economics)|Taylor model]], where there is a fixed length for contracts - for example ...

In [[economics]], the '''absolute income hypothesis''' concerns how a consumer divides the ...in 1936 identified the relationship between [[income]] and [[Consumption (economics)|consumption]] as a key [[macroeconomic]] relationship. Keynes asserted tha ...

'''Inflationism''' is a [[heterodox economics|heterodox]] [[economic policy|economic]], [[fiscal policy|fiscal]], or [[mo ...cularly within [[Keynesian economics]], as well as [[Monetarism|Monetarist economics]] and in the theory of [[debt deflation]]. ...

...count]] which would equate the price of a [[Fixed asset|fixed]] [[Capital (economics)|capital]] [[asset]] with its [[Discounted cash flow|present discounted val [[Category:Keynesian economics]] ...

....<ref>"Mankiw, N Gregory and Romer, David. "Introduction." ''New Keynesian Economics''. Vol. 1. 1991.</ref> ...nd (a [[closed economy]]) populated by individuals who only [[Consumption (economics)|consume]] coconuts. Coconuts are obtained by being picked (they are "[[Pro ...

...t rate]], [[inflation]] and [[Real GDP|output]].<ref>{{cite journal |title=Keynesian Macroeconomics without the LM Curve |first=David |last=Romer |journal=[[Jou [[Category:Monetary economics]] ...

{{Short description|Monetary economics equation}} ...ridge and classical, attempt to express a relationship among the [[Output (economics)|amount of goods produced]], the [[price level]], amounts of money, and how ...

{{Short description|Macro model in economics}} ...del was first used to model wage setting, in [[New Keynesian economics|new Keynesian models]] that followed it was also used to model price-setting by firms. ...

===Keynesian analysis=== ...Keynes'' that its omission from the [[IS-LM model]] had pointed Keynesian economics in the wrong direction. He argued that: ...

...ges=53–74 |doi=10.1017/S0266267100005113 }}</ref> Two of the main areas in economics where hysteresis effects are invoked to explain economic phenomena are [[un For instance, in labor economics hysteresis refers to the possibility that periods of high [[unemployment]] ...

...amic stochastic general equilibrium]] models, which are used in mainstream economics. ...Svenja Flechtner (eds.): ''Principles and Pluralist Approaches in Teaching Economics''. Routledge, London / New York 2019, pp. 243–255, [[doi:10.4324/9781315177 ...

...l uses the [[Euler method|Euler numerical method]] to model [[Consumption (economics)|consumption]]. He created his consumption theory in response to the [[Luca ...st=Albert|title=Does Consumption Take a Random Walk?|journal=The Review of Economics and Statistics|volume=74|number=4|year=1992|pages=607–614|doi=10.2307/21093 ...

{{main|Real versus nominal value (economics)}} ...aper on the value of money,<ref>"The value of money", Quarterly Journal of Economics, 1917.</ref> used ''wheat values'', which he claimed to have taken from [[A ...

...t=Gérard | title=Excess-demand functions | journal=Journal of Mathematical Economics | year=1974 | volume=1 | pages=15–21 | doi=10.1016/0304-4068(74)90032-9 }} * {{cite book |last=Lavoie |first=Marc |title=Post-Keynesian Economics: New Foundations |year=2014 |publisher=Edward Elgar Publishing, Inc. |locat ...

{{Economics sidebar}} ...t generally agreed with the statement "[[Fiscal policy]] has a [[Stimulus (economics)|significant stimulative impact]] on a less than [[Full employment|fully em ...

{{Economics sidebar}} ...ry to make a [[representative agent|representative consumer]] [[Preference#Economics|indifferent]] between a smooth, non-fluctuating, consumption trend and one ...