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On the Need for a New Approach to Analyzing Monetary Policy

โœ Scribed by Andrew Atkeson and Patrick J. Kehoe

Book ID
123847583
Publisher
MIT Press
Year
2008
Tongue
English
Weight
749 KB
Volume
23
Category
Article
ISSN
0889-3365

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๐Ÿ“œ SIMILAR VOLUMES

A POST-KEYNESIAN AMENDMENT TO THE NEW CO
A POST-KEYNESIAN AMENDMENT TO THE NEW CONSENSUS ON MONETARY POLICY
โœ Marc Lavoie ๐Ÿ“‚ Article ๐Ÿ“… 2006 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 288 KB

## ABSTRACT A common view is now pervasive in policy research at universities and central banks, which one could call the New Keynesian consensus, based on an endogenous money supply. This new consensus reproduces received wisdom: in the long run, expansionary fiscal policy leads to higher inflatio