Graphical Analysis of the New Neoclassical Synthesis

21 Pages Posted: 22 Jan 2007

See all articles by Guido Giese

Guido Giese

FernUniversität in Hagen

Helmut Wagner

University of Hagen (Fernuniversitaet Hagen)

Date Written: September 17, 2006

Abstract

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.

JEL Classification: A2

Suggested Citation

Giese, Guido and Wagner, Helmut, Graphical Analysis of the New Neoclassical Synthesis (September 17, 2006). Available at SSRN: https://ssrn.com/abstract=958382 or http://dx.doi.org/10.2139/ssrn.958382

Guido Giese (Contact Author)

FernUniversität in Hagen ( email )

Universitätsstrasse 41
Feithstrathe 140
D-58084 Hagen
Germany

Helmut Wagner

University of Hagen (Fernuniversitaet Hagen) ( email )

Universitätsstrasse 41
Feithstrathe 140
D-58084 Hagen
Germany
011-49-2331-987-2640 (Phone)
011-49-2331-987-391 (Fax)

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