Stability analysis by parameters of New Keynesian macroeconomic model
| Authors | |
|---|---|
| Year of publication | 2003 |
| Type | Article in Proceedings |
| Conference | Mathematical Methods in Economics 2003 |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | Iterative Kalman filter smoother; zeros and poles; monetary policy |
| Description | This paper is focused on use of the New Keynesian closed economy macroecommic model for the illustration of the deeper relation between model parameters each other, which is important better understanding of dynamic properties of economic system. Parameters are characterized not by the economic sense, but there is also deeper relation, given by transfer function of the system. After analysis of the pole and zeros of the system it is possible to set new monetary policy rule. |
| Related projects: |