New Keynesian Economics Explained: Differences from Classical Keynesian

Discover how New Keynesian economics updates classical Keynesian principles, focusing on price stickiness, wage rigidity, and ...
JSTOR Daily

THE ISSUE OF MACROECONOMIC CLOSURE REVISITED AND EXTENDED

Léon Walras (1874) had already realised that his neo-classical general equilibrium model could not accommodate autonomous investments. In the early 1960s, Amartya Sen analysed the same issue in a ...
San Francisco Fed

Macroeconomic Models for Monetary Policy: Conference Summary

Papers presented at the conference on “Macroeconomic Models for Monetary Policy” held March 6, 2009, at the Federal Reserve Bank of San Francisco addressed such issues as how to model wage and price ...
JSTOR Daily

The Neo-Classical One-Sector Growth Model: A Geometrical Exposition and Extension to a Monetary Economy

https://doi.org/10.2307/2552404 • https://www.jstor.org/stable/2552404 Copy URL ...
San Francisco Fed

Policy Applications of a Global Macroeconomic Model

Central banks and other policy institutions have a long history of using macroeconomic models to help prepare forecasts and to quantify the economic consequences of various policies. Likewise, private ...