Josheski, Dushko (2014) New-Keynesian economics tales with algebraic notations. Macroeconomics: Production & Investment eJournal.
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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: | https://eprints.ugd.edu.mk/id/eprint/9649 |
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