“...Gali, Gertler, and Lopez-Salido (2007) recently show quantitatively that fluctuations in the efficiency of resource allocation do not generate sizable welfare...”

“...Many mainstream business cycle theories were not able to cope with the financial crisis theoretically. With his concept of balance mechanics, the German...”

“...This paper provides a static two country new Keynesian model to teach two related questions in international macroeconomics: the international transmission of...”

“...Although the IS/LM-AS/AD model is still the central tool of macroeconomic teaching in most macroeconomic textbooks, it has been criticized by several...”

“...In this study, we empirically examine the extent of price rigidity using a unique store-level time-series data set – consisting of (i) actual retail...”

“...The aim of our contribution is to present an innovative instrument to teach macroeconomics at the undergraduate and master level. We develop a digital learning...”

“...Empirical tests of the quantity theory and particularly the neutrality of money are based on the idea that money growth "explains", to some extent, inflation...”

“...The paper investigates the dynamics of a model of sentiment switching. The model is built upon rumor propagation theory and it is designed to uncover, for a...”

“...Our paper aims at unveiling how much the monetary policy shall deviate from the zero-inflation allocation in an economy with a large informal sector. A first...”

“...In this paper we test New Keynesian propositions about inflation and unemployment trade off with the New Keynesian Phillips curve and the proposition of...”