Ambrocio, Gene; Jang, Tae-Seok - 2009
using the Generalized Method of Moments (GMM) following Gali and Gertler (1999). Our main finding is that a simple extension … hybrid model specification augmented with a productivity
term. The model is estimated using the Generalized Method of Moments … Phillips curve.
Section 4 presents the results of estimating the NKPC with productivity shock using the Generalized
Method of …