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New Keynesian Model with Government Spending by Amna Amir is a document available to read on EtoBox.
What is New Keynesian Model with Government Spending about?
The document presents a Dynamic New Keynesian Model focusing on government spending and its effects on the economy. It outlines the linearized equilibrium conditions, system reduction, and impulse response functions under a Taylor rule, as well as approximating the effects of the zero lower bound (ZLB) on interest rates. The model demonstrates how government spending shocks influence output and inflation dynamics in the economy.
- Author
- Amna Amir
- Language
- EN