In this survey we first briefly present the basic structure and results of the New Keynesian model. We then particularly focus on the implications for inflation dynamics. We will show how considering models with time-varying trend inflation overcomes the initial difficulties of the New Keynesian...

We study monetary policy in a New Keynesian (NK) model with endogenous growth and knowledge spillovers external to each firm. We find the following results: (i) technology and government spending shocks have different effects on growth; (ii) disinflationary monetary policies entail positive...

Convegno in onore di Giorgio Lunghini

Convegno in onore di Giorgio Lunghini