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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 1 Baseline set of parameters

From: Macroeconomic fluctuations in a New Keynesian disequilibrium model

\(\psi\)

0.3

\(\alpha\)

0.7

\(\eta\)

0.6

\(\beta\)

1.5

\(\theta\)

0.75

\(\zeta\)

0.5

\(\omega ^{\mathrm{p}}\)

0.5

\(\gamma ^{\mathrm{p}}\)

0.2

\(\sigma ^{\mathrm{p}}\)

0.2

\(\omega ^{\mathrm{w}}\)

0.5

\(\gamma ^{\mathrm{w}}\)

0.04

\(\sigma ^{\mathrm{w}}\)

0.2

\(\lambda _i\)

0.5

\(\phi _i\)

1.5

\(\chi _i\)

0.5

\(\lambda _f\)

0.5

\(\delta _f\)

0.05

\(\chi _f\)

0.25

\(\lambda _g\)

0.5

\(\delta _g\)

0.05

\(\chi _g\)

0.25

\(\overline{g},\overline{f},\overline{b}\)

0

\(\overline{\pi },\overline{r},\overline{i}\)

0

  

\(\rho ^v\)

0

\(\sigma ^v\)

0.1

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