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The 3-Equation New Keynesian Model --- A Graphical Exposition

✍ Scribed by Carlin, Wendy; Soskice, David


Book ID
120999295
Publisher
The Berkeley Electronic Press
Year
2005
Tongue
English
Weight
587 KB
Volume
5
Category
Article
ISSN
1534-6005

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## Abstract This paper develops a New‐Keynesian Dynamic Stochastic General Equilibrium (NKDSGE) model for forecasting the growth rate of output, inflation, and the nominal short‐term interest rate (91 days Treasury Bill rate) for the South African economy. The model is estimated via maximum likelih