The 3-Equation New Keynesian Model — a Graphical …

The new graphical IS-PC-MR model is a simple version of the one commonly used in central banks and captures the forward-looking thinking engaged in by the policy maker. We show how it can be modified to include a forward-looking IS curve and how it relates to current debates in monetary macroeconomics, including the New Keynesian Phillips

  Model, Graphical, Keynesian, New keynesian, New keynesian model a graphical, New graphical