A detailed derivation of the sticky price and sticky information new Keynesian DSGE model

Jan-Oliver Menz, Lena Vogel

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.

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Year of publication:	2009
Authors:	Menz, Jan-Oliver ; Vogel, Lena
Publisher:	Hamburg : Dep. Economics and Politics, Univ.
Subject:	New Keynesian Model \| Sticky Prices \| Sticky Information \| Solution Algorithms \| Theorie \| Theory \| Preisrigidität \| Price stickiness \| Neoklassische Synthese \| Neoclassical synthesis \| Phillips-Kurve \| Phillips curve \| Dynamisches Gleichgewicht \| Dynamic equilibrium \| Geldpolitik \| Monetary policy \| Schätzung \| Estimation

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Extent:	Online-Ressource (I, 59 S.) graph. Darst.
Series:	DEP discussion papers : macroeconomics and finance series. - Hamburg : [Verlag nicht ermittelbar], ZDB-ID 2611470-7. - Vol. 2/2009
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/103181 [Handle]
Classification:	E0 - Macroeconomics and Monetary Economics. General ; E20 - Consumption, Saving, Production, Employment, and Investment. General ; C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C62 - Existence and Stability Conditions of Equilibrium ; C63 - Computational Techniques
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010425864