Dennis, Richard J. (contributor); … - 2007
. Using a
stylized New Keynesian business cycle model as a laboratory, we investigate whether a central
bank can learn to set … learn.
The remainder of the paper is structured as follows. Section 2 introduces the New Key-
nesian business cycle model … weight the central
bank attaches to output stabilization. Section 7 concludes.
2. The model
We study a New Keynesian business …