Dennis, Richard J. (contributor) - 2005
FEDERAL RESERVE BANK OF SAN FRANCISCO
WORKING PAPER SERIES
Working Paper 2005-20
http://www.frbsf.org/publications/economics …-inconsistency problem. An-
alyzing robust monetary policy in two New Keynesian business cycle models, the paper
demonstrates that a robust …)
business cycle models. The �rst model is the canonical NK model (Clarida, Gal�, and Gertler,
1999), which forms the basis of …