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New Keynesian Macroeconomics

In: Instructor's Manual for Money: Theory and Practice

Author

Listed:
  • Jin Cao

    (Norges Bank)

  • Gerhard Illing

    (LMU)

Abstract

This chapter provides exercises for the standard, small-scale New Keynesian macroeconomic models, focusing on the role of nominal/real rigidities, the sources of inefficiencies, and the implications for welfare-improving monetary policies. Solutions are provided for selected exercises.

Suggested Citation

  • Jin Cao & Gerhard Illing, 2019. "New Keynesian Macroeconomics," Springer Texts in Business and Economics, in: Instructor's Manual for Money: Theory and Practice, chapter 4, pages 79-103, Springer.
    • Handle: RePEc:spr:sptchp:978-3-030-23618-2_4
    DOI: 10.1007/978-3-030-23618-2_4
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