keynesian model sentence in Hindi
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- Furthermore, some New Keynesian models confirm the non-neutrality of money under several conditions.
- Tobin says, " and they still must use modified Keynesian models to do it ."
- In the Keynesian model, higher prices will prompt increases in the supply of goods and services.
- However, his 1950s reinterpretation of the Keynesian consumption function challenged the standard Keynesian model of that time.
- The Calvo model has become the most common way to model nominal rigidity in new Keynesian models.
- He said, " There has been justified criticism of the Keynesian model, that it was too Depression-oriented ."
- The Keynesian model therefore failed to explain the consumption phenomenon and thus emerged the theory of intertemporal choice.
- The Keynesian model accepted by Labour emphasised that planning could be handled indirectly through national spending and tax policies.
- RBC models were dynamic but assumed perfect competition; new Keynesian models were primarily static but based on imperfect competition.
- Older Keynesian models measured output gaps as the difference between measured output and an ever growing trend of output capacity.
- In the non-linear form of the standard New-Keynesian model, however, the absence of extra real rigidities is not a critical issue.
- The New neoclassical synthesis essentially combined the dynamic aspects of RBC with imperfect competition and nominal rigidities of new Keynesian models.
- Recently, it was shown that the divine coincicidence does not necessarily hold in the non-linear form of the standard New-Keynesian model.
- Recently, it was shown that the divine coincidence does not necessarily hold in the non-linear form of the standard New-Keynesian model.
- Further, while some macroeconomists believe that New Keynesian models are on the verge of being useful for quarter-to-quarter quantitative policy advice, disagreement exists.
- Keynesian models recommend government interventions designed to increase demand for workers; these can include financial stimuli, publicly funded job creation, and expansionist monetary policies.
- In Keynesian models the identity between savings and investments is generated by the investment who determines income and by this the savings in the economy.
- Although the model was first used to model wage setting, in new Keynesian models that followed it was also used to model price-setting by firms.
- This culminated in the three equation new Keynesian model found in the survey by Richard Clarida, Jordi Gali, and dynamic consumption equation ( household's Euler equation ).
- New Keynesian models investigated sources of sticky prices and wages due to imperfect competition, which would not adjust, allowing monetary policy to impact quantities instead of prices.
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