“...We present a model embodying moderate amounts of nominal rigidities that accounts for the observed inertia in inflation and persistence in output. The key...”

“...We develop and estimate a general equilibrium search and matching model that accounts for key business cycle properties of macroeconomic aggregates, including...”

“...We develop optimal finite-sample approximations for the band pass filter. These approximations include one-sided filters that can be used in real time. Optimal...”

“...We augment a standard monetary dynamic general equilibrium model to include a Bernanke-Gertler-Gilchrist financial accelerator mechanism. We fit the model to...”

“...Which are the main frictions and the driving forces of business cycle dynamics in an open economy? To answer this question we extend the standard new Keynesian...”

“...Three decades ago, Christopher A. Sims suggested that vector autoregressions (VARs) are useful statistical devices for evaluating alternative macroeconomic...”

“...It has been suggested that existing estimates of the long-run impact of a surprise move in income may have a substantial upward bias due to the presence of a...”

“...I present an undetermined coefficients method for obtaining a linearapproximating to the solution of a class of dynamic, rational expectationsmodels. I also...”

“...This paper analyzes the quality of VAR-based procedures for estimating the response of the economy to a shock. We focus on two key issues. First, do VAR-based...”