Economics and Business Review

ISSN 2392-1641
e-ISSN 2450-0097

Poznań University of Economics - Poland

Index Copernicus Journal Master List

Polska Bibliografia Naukowa

BazEkon

Ebsco

Proquest

Creaive Commons

Volume 1 (15) Number 2 pp. 110-129

Jean-Christophe Poutineau1, Karolina Sobczak2, Gauthier Vermandel1

1CREM-CNRS, University of Rennes 1, Faculty of Economics, Rennes, France
2
Poznań University of Economics, Department of Mathematical Economy, Poznań, Poland.

The analytics of the New Keynesian 3-equation Model

Abstract:

This paper aims at providing a self contained presentation of the ideas and
solution procedure of New Keynesian Macroeconomics models. Using the benchmark
“3 equation model”, we introduce the reader to an intuitive, static version of the model
before incorporating more technical aspects associated with the dynamic nature of the
model. We then discuss the relative contribution of supply, demand and policy shocks
to the fluctuations of activity, inflation and interest rate, depending on the key underlying
parameters of the economy.

pub/2015_2_110.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume15/issue2/2015_2_110.pdf
Keywords: dynamic IS curve, impulse response analysis, New Keynesian Macroeconomics, New Keynesian Phillips Curve, output gap, Taylor rule

DOI: 10.18559/ebr.2015.2.6

For citation:

MLA Poutineau, Jean-Christophe, et al. "The analytics of the New Keynesian 3-equation Model." Economics and Business Review EBR 15.2 (2015): 110-129. DOI: 10.18559/ebr.2015.2.6
APA J-Ch., P., K., S., G., V., & , (2015). The analytics of the New Keynesian 3-equation Model. Economics and Business Review EBR 15(2), 110-129 DOI: 10.18559/ebr.2015.2.6
ISO 690 POUTINEAU, Jean-Christophe, SOBCZAK, Karolina, VERMANDEL, Gauthier. The analytics of the New Keynesian 3-equation Model. Economics and Business Review EBR, 2015, 15.2: 110-129. DOI: 10.18559/ebr.2015.2.6