Castelnuovo, Efrem; Pellegrino, Giovanni - 2017
a medium-scale new-Keynesian DSGE model with a minimum-distance approach. The DSGE model is shown to be able to …, we identify a steeper new-Keynesian Phillips curve as the key factor behind the DSGE model's ability to replicate the … milder macroeconomic responses to a monetary policy shock estimated with our VAR in presence of high uncertainty. A version …