Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/103181
Authors: 
Menz, Jan-Oliver
Vogel, Lena
Year of Publication: 
2009
Series/Report no.: 
DEP (Socioeconomics) Discussion Papers, Macroeconomics and Finance Series 2/2009
Abstract: 
This paper aims at providing macroeconomists with a detailed exposition of the New Keynesian DSGE model. Both the sticky price version and the sticky information variant are derived mathematically. Moreover, we simulate the models, also including lagged terms in the sticky price version, and compare the implied impulse response functions. Finally, we present solution methods for DSGE models, and discuss three important theoretical assumptions.
Subjects: 
New Keynesian Model
Sticky Prices
Sticky Information
Solution Algorithms
JEL: 
E0
E20
C61
C62
C63
Document Type: 
Working Paper

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