Graham, LM;
(2003)
Monetary models and technology shocks.
Economics Letters
, 81
(1)
pp. 47-53.
10.1016/S0165-1765(03)00153-8.
![[thumbnail of monetary.pdf]](https://discovery.ucl.ac.uk/style/images/fileicons/application_pdf.png) Preview |
PDF
monetary.pdf Download (127kB) |
Abstract
Adding variable capital utilisation to a dynamic new Keynesian (DNK) framework gives a model which can produce realistic responses to both technology and monetary shocks. This requires the assumption of a much lower level of nominal rigidity than is usual.
| Type: | Article |
|---|---|
| Title: | Monetary models and technology shocks |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1016/S0165-1765(03)00153-8 |
| Keywords: | calibration, dynamic general equilibrium, technology shocks |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS |
| URI: | https://discovery.ucl.ac.uk/id/eprint/3888 |
Downloads since deposit
0Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months
Archive Staff Only
 |
View Item |
