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- Divine_coincidence abstract "In economics, divine coincidence refers to the property of New Keynesian models that there is no trade-off between the stabilization of inflation and the stabilization of the welfare-relevant output gap (the gap between actual output and efficient output) for central banks. This property is attributed to a feature of the model, namely the absence of real imperfections such as real wage rigidities. Conversely, if New Keynesian models are extended to account for these real imperfections, divine coincidence disappears and central banks again face a trade-off between inflation and output gap stabilization. The definition of divine coincidence is usually attributed to the seminal article by Olivier Blanchard and Jordi Galí in 2005.".
- Divine_coincidence wikiPageID "40276931".
- Divine_coincidence wikiPageLength "5836".
- Divine_coincidence wikiPageOutDegree "12".
- Divine_coincidence wikiPageRevisionID "620829628".
- Divine_coincidence wikiPageWikiLink Category:Macroeconomics.
- Divine_coincidence wikiPageWikiLink Category:Monetary_economics.
- Divine_coincidence wikiPageWikiLink Category:New_Keynesian_economics.
- Divine_coincidence wikiPageWikiLink Covariance.
- Divine_coincidence wikiPageWikiLink Economics.
- Divine_coincidence wikiPageWikiLink Greg_Mankiw.
- Divine_coincidence wikiPageWikiLink Jordi_Galí.
- Divine_coincidence wikiPageWikiLink New_Keynesian_economics.
- Divine_coincidence wikiPageWikiLink Olivier_Blanchard.
- Divine_coincidence wikiPageWikiLink Phillips_curve.
- Divine_coincidence wikiPageWikiLink Real_rigidity.
- Divine_coincidence wikiPageWikiLink Taylor_rule.
- Divine_coincidence wikiPageWikiLink Wage_rigidity.
- Divine_coincidence wikiPageWikiLinkText "divine coincidence".
- Divine_coincidence hasPhotoCollection Divine_coincidence.
- Divine_coincidence wikiPageUsesTemplate Template:Reflist.
- Divine_coincidence subject Category:Macroeconomics.
- Divine_coincidence subject Category:Monetary_economics.
- Divine_coincidence subject Category:New_Keynesian_economics.
- Divine_coincidence comment "In economics, divine coincidence refers to the property of New Keynesian models that there is no trade-off between the stabilization of inflation and the stabilization of the welfare-relevant output gap (the gap between actual output and efficient output) for central banks. This property is attributed to a feature of the model, namely the absence of real imperfections such as real wage rigidities.".
- Divine_coincidence label "Divine coincidence".
- Divine_coincidence sameAs m.0wxvv5g.
- Divine_coincidence sameAs Q17010881.
- Divine_coincidence sameAs Q17010881.
- Divine_coincidence wasDerivedFrom Divine_coincidence?oldid=620829628.
- Divine_coincidence isPrimaryTopicOf Divine_coincidence.