Angelini, Giovanni; Fanelli, Luca Fanelli - Dipartimento di Scienze Statistiche "Paolo Fortunati", … - 2015
This paper focuses on the dynamic misspecification that characterizes the class of small-scale New-Keynesian models and … New-Keynesian model. The statistical model may feature an autocorrelation structure that is more involved than the … statistical model. We provide an empirical illustration based on U.S. quarterly data and a small-scale monetary New Keynesian …