María-Dolores, Ramón; Vázquez, Jesús - In: Topics in Macroeconomics 6 (2006) 2, pp. 1446-1446
monetary plan is much worse than the fit of the NKM model assuming a forward-looking Taylor rule. We also find, in contrast to … to the U.S. case,in the Eurozone the best fit is obtained assuming a backward-looking Taylor rule and determinacy holds …, but the improvement is rather small with respect to assuming either a forward-looking Taylor rule or an optimal plan. …