New Keynesian Simulation

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=2 height=90 BGCOLOR="#006699" TEXT="#080000" bgproperties="fixed" background="0c1285a1erlcgo.gif"> <div> <B>New Keynesian Simulation</B></div> <div> </div> </td> </tr><tr> <td valign="top" width=160 BGCOLOR="#FFCC66" TEXT="#080000" background="0c0d4c00dkelyh.gif"> <div> <A HREF="index.htm" TARGET="_top" TITLE="Public Finance"><U><B><IMG SRC="0c20e0e0.gif" border=0 width="14" height="14" ALT="up" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></B></U></A><B>     </B><A HREF="id127.htm" TARGET="_top" TITLE="Globalizzazione"><U><B><IMG SRC="0c30e0e0.gif" border=0 width="14" height="14" ALT="previous" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></B></U></A><B>  </B><IMG BORDER="0" SRC="1x1.gif" HEIGHT="14" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" WIDTH="14"><B>     </B><IMG BORDER="0" SRC="1x1.gif" HEIGHT="14" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" WIDTH="14"></div> <bR> </td> <td valign="top" height=390 BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <A HREF="id136.htm" TARGET="_top" TITLE="NewKeynesian Simulation"><U><IMG BORDER="0" SRC="Symb075c00b7016800000000.gif" HEIGHT="24" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Micro-macro</U></A></div> </td> </tr></table></body>