The new Keynesian economics and the output-inflation trade-off
This letter reconsiders the empirical tests of the new Keynesian and new classical models performed by Ball Mankiw and Romer and Akerlof, Rose and Yellen. The original tests conform basically to cross-section analysis; we develop both time-series and pooled cross-section, time-series tests of these issues, using the methodology and results of Katsimbris. Our tests find at best weak support for either the new Keynesian or the new classical hypotheses.
Year of publication: |
1996
|
---|---|
Authors: | Katsimbris, George ; Miller, Stephen |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 3.1996, 9, p. 599-602
|
Publisher: |
Taylor & Francis Journals |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Central-Bank policy and the financing of government budget deficits : a cross-country comparison
Demopoulos, George D., (1983)
-
Cross-country evidence on output growth volatility : nonstationary variance and GARCH models
Fang, Wen-shwo, (2008)
-
Brand salience versus brand image : two theories of advertising effectiveness
Miller, Stephen, (2009)
- More ...