| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7349656 | Economics Letters | 2018 | 12 Pages |
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.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Carlos Carvalho, Fernanda Nechio,