The Role of Learning for Asset Prices, Business Cycles, and Monetary Policy
Board of Governors of the Federal Reserve System
New Keynesian DSGE model with financial accelerator where firms face credit constraints depending on stock market valuations, combined with learning about asset prices. Includes Calvo price and wage stickiness, investment adjustment costs, and 
intermediate goods producers: competitive with credit constraints; final goods producers: monopolistic competition with Calvo pricing; labor agencies: monopolistic competition with Calvo wage setting; capital goods producers: competitive with i
Table 5 p.35
Rational expectations model baseline with Taylor rule φπ=1.50