Discover how New Keynesian economics updates classical Keynesian principles, focusing on price stickiness, wage rigidity, and ...
Years of economic turmoil have re-ignited the debate about Keynesianism. As the financial crisis caused mass unemployment, Keynes appeared to have been proven right; Keynesians took over policymaking ...
Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper proposes a “quasi-agnostic” sign restriction procedure to identify structural shocks in frequentist structural ...
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