This paper evaluates the international spillover effects of large-scale asset purchases
(LSAPs) using an estimated two-country dynamic stochastic general-equilibrium model with …

We compare the Calvo and Rotemberg price‐setting mechanisms in a New Keynesian
model with trend inflation. We show that: the long‐run relationship between inflation and …

This article studies the effects of uncertainty shocks on economic activity, focusing on
inflation. Using a vector autoregression, I show that increased uncertainty has negative …

This paper estimates and compares New-Keynesian DSGE monetary models of the
business cycle derived under two different pricing schemes—Calvo (1983) and Rotemberg …

We introduce time-varying systemic risk (à la He and Krishnamurthy, 2014) in an otherwise
standard New-Keynesian model to study whether simple leaning-against-the-wind interest …

We systematically evaluate how to translate a Calvo wage duration into an implied
Rotemberg wage adjustment cost parameter in medium-scale New Keynesian DSGE …

В настоящей работе описывается динамическая стохастическая модель общего
равновесия для малой открытой экономики с высокой зависимостью от экспорта …

We examine, conditional on structural shocks, the macroeconomic performance of different
countercyclical capital buffer (CCyB) rules in small open economy estimated medium-scale …

This paper examines the impact of downward wage rigidity (nominal and real) on optimal
steady-state inflation. For this purpose, we extend the workhorse model of Erceg, Henderson …

Labor market informality is a pervasive feature of most developing economies. Motivated by
the empirical regularity that the labor informality rate falls with GDP per capita, both at …