《高级宏观学教学资料》ch6_notes.pdfVIP

. Supplementary Notes on Chapter 6 of D. Romer’s Advanced Macroeconomics Textbook (4th Edition) . Changsheng Xu Ming Yi School of Economics, Huazhong University of Science and Technology This version: May 12, 2015 Xu Yi (HUST) Advanced Macroeconomics Supplementary Notes 1 / 10 Section 6.4 A usable model with exogenous nominal rigidity Question: How are yt, rt and πt mutually determined? 1 (6.8) ln Yt = E[ln Yt+1] ? rt θ