Assessing DSGE Models with Capital Accumulation and Indeterminacy

Working Paper No. 12/83

Nopic
The simulated results of this paper show that New Keynesian DSGE models with capital accumulation can generate substantial persistencies in the dynamics of the main economic variables, due to the stock nature of capital. Empirical estimates on U.S. data from 1960:I to 2008:I show the response of monetary policy to inflation was almost twice... READ MORE...

Publication date: March 2012
ISBN 9781475502350
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Publication date: March 2012

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Publication date: March 2012

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