Reformulation du modèle macroéconomique de la nouvelle synthèse: crédits, politique monétaire et écarts de tauxA reformulation of the new synthesis macroeconomic model: credits, monetary policy and interest rates gapsBernard Landais MPRA Paper from University Library of Munich, Germany Abstract: 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. Keywords: Ensignement de l'économie; Nouvelle synthèse néokeynésienne; fonds prêtables; politique monétaire; écarts de taux; équilibre macroéconomique; crises économiques et financières (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:38665 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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