Browsing by Subject "New Keynesian model"
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Monetary policy analysis in a new keynesian model
The present paper is an initiation to research, in which the aim is to learn about the basic methodologies for the business cycle and monetary policy analysis in a dynamic macroeconomic model. First, the equations of a ... -
Sticky prices, sticky wages, and also unemployment
This paper shows a New Keynesian model where wages are set at the value that matches household's labor supply with firm's labor demand. Subsequently, wage stickiness brings industry-level unemployment fluctuations. After ...