A Model of Rule-of-Thumb Consumers With Nominal Price and Wage Rigidities

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Borradores de Economía; No. 707
Date published
2012-05-08
Date of last update
2012-05-08
Author
Ocampo-Díaz, Sergio
Document language
spa
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Abstract
This document presents a dynamic stochastic general equilibrium model with rule of thumb (Non-Ricardian) agents and both nominal price and wage rigidities. The model follows closely that of Galí et al. (2004) and expands it to include a second way form of
JEL Codes
E32 - Business Fluctuations; CyclesC68 - Computable General Equilibrium ModelsE37 - Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Application
Keywords
DSGE ; Nominal Rigidities ; rule of thumb consumers ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5730
https://hdl.handle.net/20.500.12134/5730
https://doi.org/10.32468/be.707
https://ideas.repec.org/p/bdr/borrec/707.html
https://ideas.repec.org/p/col/000094/009595.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit