Levin, Andrew T.; López-Salido, José David; Nelson, Edward - 2008
explain actual U.S. and euro area data well, it is realistic to say that the New Keynesian literature
is converging on a DSGE … kinked demand is
made by Dossche, Heylen, and den Poel (2006), again using micro data (in their case, euro-area
scanner data …
Macroeconometric Equivalence, Microeconomic Dissonance,
and the Design of Monetary Policy
Andrew T. Levin
J. David López …