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• W641004802 abstract "The latest world economic and financial crisis highlighted problems in macroeconomic policies pursued by developed economies as well as the necessity of searching for an effective regulatory framework. In particular, doubts have occurred in the indisputability of advantages of inflation targeting and its theoretical basis: the New Keynesian dynamic stochastic general equilibrium models. The reason for doubts lies mainly in the lack of confidence in the new neoclassical synthesis propositions which form the basis for the modern monetary theory and structural modelling. The article reveals close links between contemporary mainstream economics, inflation targeting and New Keynesian dynamic stochastic general equilibrium models, concentrates on controversial points of the theory which bring into question applicability of the monetary policy regime and the models, and finally, outlines further research agenda." @default.
• W641004802 created "2016-06-24" @default.
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• W641004802 date "2012-05-20" @default.
• W641004802 modified "2023-09-27" @default.
• W641004802 title "On the Validity of the Theoretical Bases of Inflation Targeting and New Keynesian General Equilibrium Models" @default.
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• W641004802 doi "https://doi.org/10.32609/0042-8736-2012-5-22-36" @default.
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