Graphical analysis of the new neoclassical synthesis

Giese, Guido GND; Wagner, Helmut GND

In this paper we present a graphical analysis framework for the new neoclassical synthesis, which can be used to explain and interpret the behavior of the new neoclassical model under shocks. We elaborate the role of expectations on output and inflation as well as the influence of the monetary authority.

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Giese, Guido / Wagner, Helmut: Graphical analysis of the new neoclassical synthesis. Hagen 2007. FernUniversität in Hagen.

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