🌿Derivation of the IS Curve in the New Keynesian Model | Intertemporal Consumption & Expectations🌿
Автор: 🌿Mind Maths with Amina🌿
Загружено: 2026-01-04
Просмотров: 39
In this lecture, we derive the IS curve in the New Keynesian model from first principles.
Starting with the household’s intertemporal consumption problem, we:
Formulate the infinite-horizon optimization problem
Derive the Euler equation
Use rational expectations and the law of iterated expectations
Obtain the forward-looking New Keynesian IS equation
This IS curve differs fundamentally from the traditional IS–LM framework and forms the first equation of the New Keynesian three-equation model.
📌 Essential for MS Economics students, DSGE beginners, and advanced macro courses.
🔖 Hashtags
#Macroeconomics
#NewKeynesian
#ISCurve
#NewKeynesianIS
#IntertemporalConsumption
#EulerEquation
#RationalExpectations
#DSGEModels
#MSEconomics
#AdvancedMacro
Доступные форматы для скачивания:
Скачать видео mp4
-
Информация по загрузке:
