An Algorithm for Solving Simple Sticky Information New Keynesian DSGE Model

Siddhartha Chattopadhyay and Manasi Agrawal

MPRA Paper from University Library of Munich, Germany

Abstract: This paper describes a new algorithm for solving a simple Sticky Information New Keynesian model using the methodology of Wang and Wen (2006). Impulse responses for demand and supply shock have been generated and analyzed intuitively. The strength of our algorithm lies in its analytical solution, which allow to uncover better intuition from the model.

Keywords: New-Keynesian Model; Algorithm (search for similar items in EconPapers)
JEL-codes: C22 C61 C63 E52 (search for similar items in EconPapers)
Date: 2015-04-19
New Economics Papers: this item is included in nep-dge and nep-mac
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https://mpra.ub.uni-muenchen.de/68896/1/MPRA_paper_68896.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:66074

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