2012-05-082012-05-082012-05-082012-05-08https://repositorio.banrep.gov.co/handle/20.500.12134/5730This 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 ofPDFspaOpen AccessWorking PaperE32 - Business Fluctuations; CyclesC68 - Computable General Equilibrium ModelsE37 - Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and ApplicationDSGENominal Rigiditiesrule of thumb consumersAcceso abiertoAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0E37 - Precios, fluctuaciones y ciclos económicos: Predicción y simulación; Modelos y aplicaciónC68 - Modelos de equilibrio general computablesE32 - Fluctuaciones económicas; CiclosLas opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.https://hdl.handle.net/20.500.12134/5730