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

Discover how Keynesian and Neo-Keynesian economics differ in addressing economic growth and stability through fiscal and monetary policies.

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 ...

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 ...