Animal Spirits in a Monetary Model

We propose a fresh way of thinking about the monetary transmission mechanism. By integrating Keynesian economics with general equilibrium theory in a new way, we provide an alternative model and an alternative narrative to New-Keynesian economics to explain how macroeconomic policy influences prices...

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Bibliographic details
Main Author: Farmer, Roger
Platonov, Konstantin
Format: Paper
Language: English
Place of publication: National Bureau of Economic Research 01.03.2016
Data of publication: 20160301
Series: NBER Working Paper Series
Online Access: Fulltext
Database: NBER Working Papers
National Bureau of Economic Research Publications
NBER Technical Working Papers Archive
Database information Databases - DBIS