Behavioural New Keynesian models
(2018)
Journal Article
Levine, P., & Jump, R. C. (2019). Behavioural New Keynesian models. Journal of Macroeconomics, 59, 59-77. https://doi.org/10.1016/j.jmacro.2018.11.002
© 2018 This paper provides a bird's eye view of the behavioural New Keynesian literature. We discuss three key empirical regularities in macroeconomic data which are not accounted for by the standard New Keynesian model, namely, excess kurtosis, stoc... Read More about Behavioural New Keynesian models.