The art of paradigm maintenance: how the New Keynesian ‘Science of Monetary Policy’ tries to deal with the inflation of 2021–2023
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Keywords
Inflation; Science of monetary policy; Output gap; Unemployment gap; Vacancy ratio; Inflation expectations; Wage–price spiral; Non-linear Phillips curve;All these keywords.
JEL classification:
- E0 - Macroeconomics and Monetary Economics - - General
- E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
- I12 - Health, Education, and Welfare - - Health - - - Health Behavior
- J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
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