Sticky wages, private consumption, and Fiscal multipliers

Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy

Lawrence J. Christiano, Martin Eichenbaum, Charles L. Evans · Journal of Political Economy · 2005 · 5.9K citations

Social Sciences, Economics, Labor Economics +11

Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach

Frank Smets, Rafael Wouters · American Economic Review · 2007 · 4.7K citations

Social Sciences, Business Economics, Economics +17

An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area

Frank Smets, Raf Wouters · Journal of the European Economic Association · 2003 · 3.6K citations

Social Sciences, Economics, Financial Economics +15

An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output

Olivier Blanchard, Roberto Perotti · The Quarterly Journal of Economics · 2002 · 2.9K citations

Public Affairs, Economics, Public Finance +13

Optimal monetary policy with staggered wage and price contracts

Christopher J. Erceg, Dale W. Henderson, Andrew Levin · Journal of Monetary Economics · 2000 · 2.3K citations · Full text

Social Sciences, Economics, Labor Economics +14