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Nominal Shocks, Net Worth and Economic Activity: A New Keynesian View of the Monetary Transmission Mechanism

In: Financial Constraints and Market Failures

Author

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  • Domenico Delli Gatti
  • Mauro Gallegati

Abstract

This innovative book shows how new Keynesian economics has reacted to the challenges of new classical economics. It argues that new Keynesian economists have responded positively to the challenge and strengthened the analytical power of their models.

Suggested Citation

  • Domenico Delli Gatti & Mauro Gallegati, 1999. "Nominal Shocks, Net Worth and Economic Activity: A New Keynesian View of the Monetary Transmission Mechanism," Chapters, in: Marcello Messori (ed.), Financial Constraints and Market Failures, chapter 6, pages 207-236, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:1300_6
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    Keywords

    Economics and Finance;

    Statistics

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