Reformulation du modèle macroéconomique de la nouvelle synthèse : crédits, politique monétaire et écarts de taux
[A reformulation of the new synthesis macroeconomic model : credits, monetary policy and interest rates gaps]
This paper intends to watch and teach the macroeconomic processes with a joint view on monetary policy. It endorses the main ideas expressed by the three equations model of the New Neo-Keynesian Synthesis and to which it adds one loanable funds equation.This widening to credit questions has concrete implications for the role played by the interest gap value and yields curve as a special indicator for effective monetary policy implementation.Besides we emphasize also the non orthodox forms of the central banks' policy. This new four equations model is convenient to make clear the macroeconomic relations for the short run and "normal" periods .It also be a good starting point for studying economic and financial crisis.
|Date of creation:||Feb 2012|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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- Bernard LANDAIS, 2010. "The Monetary Origins Of The Economic And Financial Crisis," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 5(3(13)/Fal), pages 280-291.
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