Model comparison & impulse-response laboratory

New Keynesian IRF Laboratory

Explore canonical models translated from the local DSGE_mod archive. Choose a model, apply one of its documented shocks, and trace every model-specific impulse response back to the equations.

Linearized model
Quarterly periods
Perfect foresight path

Model 01 · textbook baseline

Core three-equation New Keynesian model

Forward-looking

Impulse responses

Responses to a natural-rate shock

Inspecting t = 0
31 quarters

Simple derivation

From economic behavior to the solved system

References & implementation

Sources and citations

  1. Galí, J. (2008). Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework. Princeton University Press. ISBN 978-0-691-13316-4. Catalog record.
  2. Galí, J. (2015). Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework and Its Applications (2nd ed.). Princeton University Press. ISBN 978-0-691-16478-6. Publisher record.
  3. Galí, J., & Monacelli, T. (2005). Monetary policy and exchange rate volatility in a small open economy. The Review of Economic Studies, 72(3), 707–734. https://doi.org/10.1111/j.1467-937X.2005.00349.x.
  4. Pfeifer, J. (2024). DSGE_mod: A collection of Dynare models (Version 2.0.0) [Computer software]. Zenodo. https://doi.org/10.5281/zenodo.10810290. Source repository.

Educational first-order browser translation by Muhammet Ali Canşı (2026), adapted from Pfeifer’s GPL-3.0-licensed replication files. This modified interface uses a finite-horizon linear path solver and does not run Dynare. Underlying publications and model formulations remain credited to their original authors. No warranty.