New Keynesian Core
Sticky prices, inflation dynamics, and a Taylor rule make NK the workhorse for monetary-policy transmission and the cleanest first route for curated observables.
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DSGE · Subgroup
The closed-economy New Keynesian core -- sticky prices, monopolistic competition, a Taylor-style policy block, and the IS-Phillips-policy triangle that drives most modern monetary policy analysis.
What this subgroup is
The closed-economy New Keynesian core -- sticky prices, monopolistic competition, a Taylor-style policy block, and the IS-Phillips-policy triangle that drives most modern monetary policy analysis.
When to use it
Reach for the sticky-price core when the question is monetary, the price-adjustment frictions matter, and you need a workhorse closed-economy structure with a policy rule and a Phillips curve.
Routes currently covered
Each route below is a DSGE model reference page with overview, graph, proof, and comparison material.
Sticky prices, inflation dynamics, and a Taylor rule make NK the workhorse for monetary-policy transmission and the cleanest first route for curated observables.
Reference coverage
1 route linked in this subgroup's DSGE reference coverage.
Currently covers one route: the New Keynesian core. The page documents the sticky-price structure, observables, and priors as reference material.
How this subgroup differs
Sticky-price core is grouped separately from frictionless benchmarks, open-economy extensions, heterogeneous households, financial frictions because the structural assumptions, frictions, or household structure are meaningfully different, not because the models are unrelated. The cross-links below let you hop sideways without losing the DSGE frame.
Back to the DSGE family
The DSGE family page lists every route in the explorer, including the ones that sit in other subgroups.