Optimal Fiscal and Monetary Policy in a Medium-Scale Macroeconomic Model
Duke University, CEPR, and NBER; Duke University and NBER
Medium-scale DSGE model with sticky prices (Calvo), sticky wages (Calvo with indexation), money demand by households (transaction costs), cash-in-advance constraint on firm wage bill, investment adjustment costs, variable capacity utilization, 
intermediate firms: monopolistic competition with Calvo pricing; final goods: perfect competition with CES aggregation
Table 6.2 p.396
Ramsey steady state with no price indexation (χ=0), no government transfers (n=0)