-
1“...The paper reviews the recent literature on monetary policy rules. We exposit the monetary policy design problem within a simple baseline theoretical framework...”
-
2“...We study the gains from increased wage flexibility using a small open economy model with staggered price and wage setting. Two results stand out: (i) the...”
-
3by Hiç, Özlen Published in Procedia computer science (2019)“...In this article, the developments in the New Keynesian Economics which sprang up in USA during the ‘80s will be discussed and then the properties of the...”
-
4by Cogan, John F Cwik, Tobias Taylor, John B Wieland, Volker Published in Journal of economic dynamics & control (2010)“...Renewed interest in fiscal policy has increased the use of quantitative models to evaluate policy. Because of modelling uncertainty, it is essential that...”
-
5“...We determine optimal monetary policy under commitment in a forward-looking New Keynesian model when nominal interest rates are bounded below by zero. The lower...”
-
6“...We study optimal monetary policy in a New‐Keynesian Dynamic Stochastic General Equilibrium (DSGE) model with a credit channel and relationship lending in...”
-
7by Mauersberger, Felix Published in Journal of economic theory (01.01.2021)“...This paper introduces a learning-to-forecast laboratory experiment based on a New-Keynesian macroeconomy that is particularly close to the model's...”
-
8by JEAN-OLIVIER HAIRAULT FRANÇOIS LANGOT Published in Journal of money, credit and banking (01.08.2012)“...Gali, Gertler, and Lopez-Salido (2007) recently show quantitatively that fluctuations in the efficiency of resource allocation do not generate sizable welfare...”
-
9by Fernández-Villaverde, Jesús Gordon, Grey Guerrón-Quintana, Pablo Rubio-Ramírez, Juan F Published in Journal of economic dynamics & control (01.08.2015)“...In this paper, we argue for the importance of explicitly considering nonlinearities in analyzing the behavior of the New Keynesian model with a zero lower...”
-
10by Boneva, Lena Mareen Braun, R. Anton Waki, Yuichiro Published in Journal of monetary economics (01.12.2016)“...Does fiscal policy have large and qualitatively different effects on the economy when the nominal interest rate is zero? An emerging consensus in the New...”
-
11by Airaudo, Marco Published in Journal of economic theory (01.03.2020)“...Motivated by the extensive experimental and empirical evidence on preference reversal in consumption choices, we introduce temptation with self-control...”
-
12“...•The inflation bias problem is greater in the presence of short-term government debt.•Time-consistent policy deviates from tax smoothing to reduce the...”
-
13by Jordi Galí Published in The Journal of economic perspectives (01.07.2018)“...In August 2007, when the first signs emerged of what would come to be the most damaging global financial crisis since the Great Depression, the New Keynesian...”
-
14“...In a standard open-economy New Keynesian model, the effective lower bound causes anomalies: output and terms of trade respond to a supply shock in the opposite...”
-
15“...•The monetary transmission mechanism in New-Keynesian models is put to scrutiny.•Contrary to the conventional view, the transmission mechanism does not operate...”
-
16by Xie, Jin Published in Journal of monetary economics (01.10.2020)“...•I study the capital-market consequences of asymmetric output-price rigidities.•Firms’ operating income becomes less persistent when their input costs...”
-
17by Annicchiarico, Barbara Di Dio, Fabio Published in Journal of environmental economics and management (01.01.2015)“...This paper studies the dynamic behavior of an economy under different environmental policy regimes in a New Keynesian model with nominal and real uncertainty...”
-
18by Jang, Tae-Seok Sacht, Stephen Published in Journal of economic behavior & organization (01.02.2021)“...•Consumers’ expectations do not necessarily reflect a rational forecasting strategy.•There is a strong correlation between consumer confidence and household...”
-
19by Georgiadis, Georgios Jančoková, Martina Published in Journal of economic dynamics & control (01.12.2020)“...We hypothesise that New Keynesian DSGE models that do not feature powerful financial spillover channels confound the effects of domestic and foreign...”
-
20by Carlstrom, Charles T Fuerst, Timothy S Paustian, Matthias Published in Journal of monetary economics (01.11.2015)“...A familiar result in the canonical Dynamic New Keynesian (DNK) model is that policymakers constrained by the zero bound can improve outcomes by promising to...”