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Replicating Mankiw’s Textbook Dynamic Model: A Pedagogical Pathway to New Keynesian models

Author

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  • Faïçal Lakhchen

    (Université Ibn Zohr [Agadir], Faculté des Sciences Juridiques, Economique et Sociales Agadir)

Abstract

This paper presents a detailed replication of the dynamic model introduced in Mankiw's textbook (Chapter 14), the author introduces this model as a bridge between the simple IS-LM framework and the more advanced New Keynesian models. The accompanying Python code, developed for this replication, is made publicly available on my GitHub 1 , providing a resource for students and teachers to gain a foundational understanding of key concepts such as the Phillips curve, the IS curve, and the role of monetary policy in targeting inflation and stabilizing output.

Suggested Citation

  • Faïçal Lakhchen, 2024. "Replicating Mankiw’s Textbook Dynamic Model: A Pedagogical Pathway to New Keynesian models," Post-Print hal-04677312, HAL.
    • Handle: RePEc:hal:journl:hal-04677312
    Note: View the original document on HAL open archive server: https://hal.science/hal-04677312
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