De Walque, Gregory (contributor); Smets, Frank (contributor) - 2006
Stochastic General Equilibrium (DSGE) model. In the Taylor price setting model, we introduce firm-specific production factors and … Taylor contracting model in the con-
text of the Smets-Wouters (2003) Dynamic Stochastic General Equilibrium (DSGE)
model. In … introduce �rm-speci�c factors into
a general equilibrium model with overlapping price and wage contracts as in Taylor
(1980 …