A persistent criticism of general equilibrium models of monetary policy which incorporate nominal inertia in the form of the New Keynesian Phillips Curve (NKPC) is that they fail to capture the extent of inflation inertia in the data. In this paper we derive a general equilibrium model based on...

Unlike most of the earlier U.S. time-use surveys, the American Time Use Survey (ATUS) does not collect information on secondary activities. It does, however, include a set of questions asking respondents to identify times when a child under 13 was "in your care." The goal of these questions is...