functions because the latter require shock identification, which is inherently a difficult process …

functions because the latter require shock identification, which is inherently a difficult process …

monetary policy analysis, but usually with capital and investment treated as exogenous a significant restriction. This paper … demonstrates that investment decisions can be endogenized without undue complexity in such models and that these can be calibrated …

monetary policy analysis, but usually with capital and investment treated as exogenous a significant restriction. This paper … demonstrates that investment decisions can be endogenized without undue complexity in such models and that these can be calibrated …

natural-rate hypothesis, the quantity theory of money, the equation of exchange, the Fisher equation, and purchasing power …