🌿Derivation of the IS Curve in the New Keynesian Model | Intertemporal Consumption & Expectations🌿 скачать в хорошем качестве

🌿Derivation of the IS Curve in the New Keynesian Model | Intertemporal Consumption & Expectations🌿

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