The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective
NBER Working Paper No. 22418
---- Acknowledgments ----
We are very grateful for comments from Adrien Auclert, Lídia Brun, John Cochrane, Martin Eichenbaum, Jordi Galí, John Hassler, Hannes Malmberg, Karl Harmenberg, Jean-Baptiste Michau, Valerie Ramey, Søren Hove Ravn, Matthew Rognlie, Johan Söderberg, Karl Walentin, Ivàn Werning, Andreas Westermark, and seminar participants at the IIES, MIT Macro Lunch, Universitat Pompeu Fabra, Sveriges Riksbank, ENTER Jamboree in Mannheim 2015, UiO-NHH Macro Workshop at Norges Bank, SED Annual Meeting 2015, and EEA Annual Meeting 2015. All errors are our own. We are grateful to Handelsbanken's Research Foundations for financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.