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By the last part of the 1990s, financial specialists had arrived at a harsh agreement. The ostensible inflexibility of new Keynesian hypothesis was joined
By the last part of the 1990s, financial specialists had arrived at a harsh agreement. The ostensible inflexibility of new Keynesian hypothesis was joined with judicious assumptions and the RBC system to create 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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