New paper : Real Keynesian Models and Sticky Prices

New paper : Real Keynesian Models and Sticky Prices

I posted on my “current work” page a new paper with Paul Beaudry  “Real Keynesian Models and Sticky Prices“. As written in the abstract, In this paper we present a generalized sticky price model which allows, depending on the parameterization, for demand shocks to maintain strong expansionary effects even in the presence of perfectly flexible … Continue reading