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By the last part of the 1990s, financial experts had arrived at an unpleasant agreement. The ostensibly inflexibility of new Keynesian hypothesis was joined with
By the last part of the 1990s, financial experts had arrived at an unpleasant agreement. The ostensibly inflexibility of new Keynesian hypothesis was joined with reasonable assumptions and the RBC technique to deliver dynamic stochastic general harmony (DSGE) models. The combination of components from various ways of thinking has been named the new neoclassical blend. These models are currently utilized by numerous national banks and are a center piece of contemporary macroeconomics.[16]
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