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  • 标题:Modern Paradigm in Macroeconomic Monetary Theories
  • 本地全文:下载
  • 作者:Daniel Lipară
  • 期刊名称:Ovidius University Annals: Economic Sciences Series
  • 电子版ISSN:2393-3127
  • 出版年度:2016
  • 卷号:16
  • 期号:2
  • 语种:English
  • 出版社:Ovidius University Press
  • 摘要:In this paper we tried to present an objective perspective over modern monetary theories and their impact on economic activity. In the end,our research stressed some specific actions that influence the macroeconomic equilibrium. Neoclassical and New Keynesian trends supported modern macroeconomic stabilization policies. New Keynesian paradigm assumed that,in general,agents have rational expectations. This controversial subject points out that although the expectations can be wrong on average they are actually correct. Neoclassical economists will have a different approach towards the theory of expectations,saying that decisions were based on the expectations that people have and not on what really happen. We appreciated that in order to achieve macroeconomic stability a mix between monetary and fiscal policies is needed,fixed rules should be applied in interdependence with discretionary government measures and acting upon incomes is the best way to fight against inflation.
  • 关键词:neoclassical;New Keynesian;rational expectations
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