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 income tax regime, profit taxed at same rate as capital income, no indexation in product prices, full indexation in wages
Baseline calibration with income tax regime as described in Section 3.1 and Table 6.2 line 1