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An Algorithm for Solving Simple Sticky Information New Keynesian DSGE Model

Chattopadhyay, Siddhartha and Agrawal, Manasi (2015): An Algorithm for Solving Simple Sticky Information New Keynesian DSGE Model. Published in: Trade and Development Review , Vol. 8, No. 2 (1 December 2015): pp. 120-137.

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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.

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