Present the new classical model (with rational expectations and Ricardian equivalence). Analyze the role of monetary policy

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Present the new classical model (with rational expectations and Ricardian equivalence).

Analyze the role of monetary policy in this model.

Howwould this model explain the major recession in the early 1990s in most developed economies? What monetary policies – if any – are consistent with this model for moderating the effects of the recession on output and unemployment?

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Monetary Economics

ISBN: 9780415772099

2nd Edition

Authors: Jagdish Handa

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Question Posted: Nov 12, 2024 03:00 AM

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Present the new classical model (with rational expectations and Ricardian equivalence). Analyze the role of monetary policy

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Monetary Economics

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