Hi,
I would like to do a comparative static. Showing how changes in the parameteres of the monetary policy rule (e.g. i=rho+phi_pi*pi+phi_y*y+v, phi_pi would change from 1.5 to 1.1) would affect perfomance of y and pi, starting out of the steady state and getting back to the steady state.
How can I do this?
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Change in monetary policy in the new keynesian model
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Change in monetary policy in the new keynesian model
by economistbz » Sat Mar 09, 2013 4:05 pm
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Re: Change in monetary policy in the new keynesian model
by jpfeifer » Sun Mar 10, 2013 9:53 am
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