Approximating multisector New Keynesian models

C-Tier
Journal: Economics Letters
Year: 2018
Volume: 163
Issue: C
Pages: 193-196

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A three-sector model with a suitably chosen distribution of price stickiness can closely approximate the response to aggregate shocks of New Keynesian models with a much larger number of sectors, allowing for their estimation at much reduced computational cost.

Technical Details

RePEc Handle
repec:eee:ecolet:v:163:y:2018:i:c:p:193-196
Journal Field
General
Author Count
2
Added to Database
2026-01-25