New-Keynesian economics tales with algebraic notations

Josheski, Dushko (2014) New-Keynesian economics tales with algebraic notations. Macroeconomics: Production & Investment eJournal.

[img]
Preview
Text
SSRN-id2416570 (3) (1).pdf - Published Version

Download (262Kb) | Preview
Official URL: http://papers.ssrn.com/sol3/papers.cfm?abstract_id...

Abstract

In this paper are outlined some new-keynesian economic models along with their micro foundations. At first small model of interest rate consumption income and savings has been outlined. Modigliani-Miller model follows as one of the five neutralities in macroeconomics, and demand for money by Miller and Orr. Also Baumol-Tobin models with its extensions by Jovanovic and Romer has been subject to investigation. Issues in monetary policy such as printing money and government revenues of printing money are been subject to discussion too. In the last section Diamond-Dybvig model on bank runs is being outlined.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Dusko Josevski
Date Deposited: 31 Mar 2014 12:27
Last Modified: 31 Mar 2014 12:27
URI: http://eprints.ugd.edu.mk/id/eprint/9649

Actions (login required)

View Item View Item