Levin, Andrew T.; López-Salido, José David; Nelson, Edward - 2008
established by
analysis of optimal steady-state inflation and optimal policy in the stochastic economy
using a small-scale New …
explain actual U.S. and euro area data well, it is realistic to say that the New Keynesian literature
is converging on a DSGE … kinked demand is
made by Dossche, Heylen, and den Poel (2006), again using micro data (in their case, euro-area
scanner data …