performance of DSGE mod- els, resurrecting Bilbiie's (2008) inverted Taylor principle. Another origi- nal contribution of the …

debate on DSGE models determinacy when the central bank implements a standard Taylor rule. We reconsider the issue here in …

We reconsider the issue of equilibrium determinacy under the limited asset market participation hypothesis in a medium … have mutually reinforcing adverse e¤ects on determinacy. We therefore uncover a causality link between long-run inequality … and macroeconomic volatility in a New-Keynesian DSGE model. In our framework, redistributive polices targeting consumption …

Keynesian DSGE model we uncover a causality link between limited asset market participation, consumption inequality and … the dynamic performance of the model close to the one generated by representative-agent DSGE models. …

debate on DSGE models determinacy when the central bank implements a standard Taylor rule. We reconsider the issue here in …

The paper is concerned with determinacy in a version of the New-Keynesian model that integrates imperfect competition …?s continuous-time counterpart is mathematically tractable and its determinacy results carry over to the period model at least if … the period is sufficiently short. This being understood, it is proved that determinacy is (essentially) ensured if an …

Imposing the natural rate hypothesis (NRH) can dramatically alter the determinacy bounds on monetary policy by closing … the output gap in the long run. I show that the hypothesis eliminates any role for the output gap in determinacy and … renders the conditions for determinacy identical for all conforming supply equations. Specializing further to IS demand …

determinacy for any empirically plausible degree of LAMP; ii) the effect of LAMP for the design of optimal monetary policy are …

This paper studies the challenge that increasing the inflation target poses to equilibrium determinacy in a medium …, such as 2 or 4 percent, the probability of determinacy is near one conditional on the monetary policy rule of the estimated …