Dennis, Richard J. (contributor) - 2005
-inconsistency problem. An-
alyzing robust monetary policy in two New Keynesian business cycle models, the paper
demonstrates that a robust …)
business cycle models. The �rst model is the canonical NK model (Clarida, Gal�, and Gertler,
1999), which forms the basis of …, Henderson, and Levin (2000),
which provides the foundation for many modern NK business cycle models. Introducing the
speci …