Sunday, August 27, 2017

How to stride on a rake

How to pace on a rake is a piddling Federal Reserve annotation on how to solve Chris Sims' stepping on a rake paper.

This is generally of involvement if y'all desire to know how to solve continuous fourth dimension new-Keneysian (sticky price) models. Chris' model is really interesting , combining financial theory , an involvement charge per unit of measurement dominion , habits , long term debt , together with it produces a temporary reject inward inflation afterwards a ascension inward nominal involvement rates.  

0 comments:

Post a Comment