Application of new Keynesian principles in the modelling practice of the Fed, the IMF and the European Central Bank

• Authors: Szabo-Bakos E.
• Languages of publication: HU

Abstracts

EN

The paper summarizes the principles of the Dynamic Stochastic General Equilibrium models, the possible extensions of the basic structure, and their implications for practical use. The author also discusses in detail the model-building strategy of the Federal Reserve System, the International Monetary Fund and the European Central Bank, and presents the model structure, some application of it, and its main implications.

Keywords

EN

EQUILIBRIUM MODELS; EUROPEAN CENTRAL BANK; MONETARY POLICY

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Committee for Economic Sciences of the Hungarian Academy of Sciences
• Journal: Kozgazdasagi Szemle (Economic Review)
• Year: 2007
• Volume: 54
• Issue: 5
• Pages: 415-434
• Document type: ARTICLE

Contributors

author

Szabo-Bakos E.

• E. Szabo-Bakos, no address given, contact ther journal editor

Identifiers

CEJSH db identifier

07HUAAAA02996156